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The Carbon Business Council, a coalition of more than 100 companies, is urging the federal government to harness tax incentives and public capital to accelerate the deployment of carbon removal projects. This push comes at a time when the importance of carbon removal and clean technologies has diminished, largely due to the rollback of green energy subsidies during the Trump administration, the impact of Russia's invasion of Ukraine, and a newfound prioritization of energy security.

These factors have collectively contributed to a decrease in both private investment and government support for cleantech initiatives. The business council is strategically appealing to Prime Minister Mark Carney, known for his longstanding support of such developments, to reinforce Canada’s position as a hub for carbon removal innovation.

Currently, Canada boasts a carbon removal capacity of 101,000 tonnes, with ambitious plans to expand this by an additional 11.9 million tonnes. The call to action aims to revitalize the sector and catalyze momentum towards a sustainable future.