Ottawa's tax credits to reduce emissions aren't working as intended, watchdog says

OTTAWA - As Prime Minister Mark Carney's government moves to spend billions more on tax credits to support carbon-capture and storage projects, Canada's environment commissioner says the money already earmarked has not been spent effectively.

A new audit report released Thursday by Jerry DeMarco said government investments in projects to reduce emissions, like carbon capture and storage, have been implemented poorly, with far less uptake than predicted.

The report looked at nine measures from Canada's 2030 Emissions Reductions Plan. Five were investment tax credits and one was a corporate tax break for zero-emission technology manufacturers. The others include the Canada Growth Fund and green bonds.

Collectively, they account for $123 billion in projected costs to taxpayers. The federal