Federal tax credit not enough to get carbon capture projects built: Cenovus CEO

The investment tax credit unveiled by the federal government earlier this month isn't enough to convince Canada's major oilsands producers to begin construction on a proposed massive carbon capture and storage transportation line, the chief executive of Cenovus Energy Inc. said Wednesday. On a conference call with analysts, Alex Pourbaix said industry will need “more help” from both the federal government and the government of Alberta in order to go ahead with large-scale carbon capt