Budget 2021 proposes to introduce an investment tax credit for capital invested in CCUS projects, beginning in 2022, with the goal of reducing emissions by at least 15 megatonnes of CO2 annually. Budget 2021 proposes to provide $319 million over seven years, starting in 2021-22, with $1.5 million in remaining amortization, to Natural Resources Canada to support research and development that would improve the commercial viability of carbon capture, utilization, and storage technologies.