Budget 2024

Tax and spend fiscal plan will inhibit growth

Michael Gullo believes governments must do more to ensure Canada’s clean growth projects and sectors remain competitive with the United States. His perspective along with a letter by Goldy Hyder to Finance Minister Chrystia Freeland were featured in a column by the Calgary Herald’s Chris Varcoe about the future of CCUS in Canada. 

“It is a pretty pivotal point in the dialogue. This is go time.”

Michael Gullo, Vice President of Policy, Business Council of Canada

“For major projects to go ahead, however, investors need regulatory predictability. Such a declaration should spell out in detail the kinds of projects the government is prepared to fast-track and . . . outline any incentives — financial or otherwise — which the government will put in place in response to those contained in the United States’ Inflation Reduction Act.”

Goldy Hyder, President and CEO, Business Council of Canada