Policy status:In Force
Date Effective:1999
Policy Type:Economic Instruments>Fiscal/financial incentives
Policy Target:
Description:The 1999 Federal Budget made generating equipment fuelled by flare gas at oil fields eligible for a higher capital cost allowance under federal tax regulations. This helps to reduce greenhouse gase emissions in the oil and gas industry due to a more controlled combustion process, as well as through the displacement of coal-fired electricity generation.

Last modified: Fri, 13 Jul 2012 11:43:19 CEST