EDMONTON — Alberta Premier Danielle Smith says the federal government’s latest economic update includes a key measure aimed at supporting the province’s energy sector.
In a statement Wednesday, Smith welcomed Ottawa’s decision to make enhanced oil recovery eligible under federal investment tax credits tied to carbon capture, utilization and storage.
“I am pleased to see the federal government include enhanced oil recovery as an eligible use under the investment tax credits in its latest economic update,” Smith said.
She said Alberta had pushed for the inclusion as part of the 2025 Canada-Alberta Energy Agreement, arguing the measure will help boost oil production while lowering emissions.
“This measure will help increase oil production while reducing emissions at the same time,” she said.
Smith added enhanced oil recovery offers a more accessible and cost-effective pathway for companies to adopt carbon capture technologies.
“EOR offers a more cost-effective and accessible pathway for companies to adopt CCUS technology,” she said. “It also improves recovery rates and encourages further investment in the province’s energy sector.”
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