RE: Proposed amendments to the Oil, Gas and Salt Resources Act to remove the prohibition on carbon sequestration (ERO: 019-6296)
9 January 2023
In November 2022, the Government of Ontario introduced a proposal to remove the prohibition on geological carbon storage by amending the Oil, Gas and Salt Resources Act through Bill 46, the Less Red Tape, Stronger Ontario Act. [...] Carbon capture and storage (CCS) technologies will be critical to global progress on climate change as they contribute both to reducing emissions directly from high-emitting industries and removing carbon from the atmosphere.1 As such, CCS will be critical to the competitiveness of many hard-to-abate, carbon-intensive, and trade-exposed sectors of Ontario’s economy as they work towards net-zero am. [...] While the prohibition on geological carbon storage was originally designed to facilitate the phase-out of coal- fired generation in Ontario, it is no longer needed and is preventing industry from unlocking the economic and environmental benefits of carbon capture. [...] We also applaud the Ontario government’s recent decision to amend the Emissions Performance Standards program to recognize carbon dioxide captured and appropriately sequestered in certain CCS projects as an emission reduction. [...] We look forward to working with your government to support Ontario businesses in their efforts to address climate change, and we welcome the opportunity to discuss this issue further.