Registry of Lobbyists
| Subject matters | Details | Categories |
|---|---|---|
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Energy, Environment, Natural Resources, Taxation and Finance
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CanGEA is advocating against legislative proposals that have been released to amend Bill C-59 with "preliminary work" provisions, which would largely exclude our industry from the Clean Technology Investment Tax Credit (ITC) by way of excluding drilling of wells.
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Legislative Proposal, Bill or Resolution
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Energy, Environment, Natural Resources, Taxation and Finance
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CanGEA is advocating for federal funding of a geothermal direct-use portfolio to assess the engineering feasibility of switching various industrial applications that require heat (which are usually on natural gas) to geothermal heat.
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Grant, Contribution or Other Financial Benefit, Policies or Program
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Energy, Environment, Natural Resources, Taxation and Finance
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Seeking tax credit parity with the CCUS investment tax credit (ITC) in Bill C-59. Our industry may receive up to 30% via the Clean Technology Investment Tax Credit, whereas the CCUS ITC provides up to 60%. We are grateful for geothermal's eligibility under the Clean Technology ITC, though 60% would of course be preferred over 30%.
Furthermore, we may seek eligibility ammendments which currently exclude "any equipment that is part of a system that extracts fossil fuel for sale.” Geothermal projects that may co-produce hydrocarbons will still reduce net emissions and should not be excluded from the Clean Technology ITC entirely.
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Legislative Proposal, Bill or Resolution
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CanGEA is the primary advocacy arm of the Canadian geothermal industry, pursuing policy outcomes that will incentivize investment, mitigate risk, and reduce red tape for our industry, supply chain, and stakeholders.
London Hillyer, Policy Lead
End date of the last completed financial year: 2023-12-31
| Government Institution | Funding Received in Last Financial Year | Funding Expected in Current Financial Year |
|---|---|---|
| Employment and Social Development Canada (ESDC) | $4,713.00 | Yes |
| Global Affairs Canada (GAC) | $16,626.00 | Yes |
Address:
PO Box 1462 Station M
Calgary, AB T2P 2L6
Canada
Telephone number:
587-703-7539