Ann: Regulatory & Project Development Update, page-179

Yay!

The bill covering the Investment Tax Credits for 50% of the cost of CCUS related project costs is finally done! Expected to reduce net costs to build the plants by a significant amount.

Well, still needs Royal Assent but I presume that is a mere formality.

Now hopefully that certainty brings out some serious funding discussions for the large projects so we can get moving on the pre-FEED and FEED work for Ellis 1 & 2, Gilby and Alsike.


Saddle Hills is still facing uncertainty with the actual final CERs still in limbo. The exemption for peakers was at 25MW which SH in its current configuration falls below, however if the regs reduce that to say 20MW then that ruins the current plans for SH.