Canada’s government will present legislation this month to start paying subsidies for carbon capture and net-zero energy projects, a source told Reuters, part of a plan to worth around $20 billion over five years. A long delay in state support for carbon capture utilization and storage (CCUS) projects and for equipment used to produce low-carbon energy prompted industry lobbies to warn in September that some C$50 billion worth of investments were at risk if the government did not act soon. Finance Minister Chrystia Freeland will announce the investment tax credit funding when she presents the Fall Economic Statement to parliament on Tuesday. …Canada is lagging the U.S. on the incentives seen as necessary to spur investment in new, low-carbon technologies. Washington has been offering massive incentives to clean tech companies under the U.S. Inflation Reduction Act for well over a year. …Bank of America estimates it has already spurred $132 billion of investment across more than 270 new clean energy projects.