The problem with this is that the governments would have to assume most of the liability of carbon capture and sequestration technology- which means the taxpayer-yet again-subsidizes the the FF companies. What should happen is a retroactive fine for all the GHG pollution these companies sold. Believe me the wealth they gathered is still around in the pockets of the wealthy, who horde it. As we can see, the proposed tax credit is the same kind of thinking that got us into this disaster. We need them to pay their taxes in full now and actually, retroactively as well through a scientifically applied assessment process based on the published and emerging literature.

http://globalnews.ca/news/8252012/oil-companies-canada-pay-75-carbon-capture-facilities/