Varcoe: Oilsands producer fires back at Trudeau government over federal carbon capture incentives – Calgary Herald

by ahnationtalk on March 6, 202452 Views

Mar 06, 2024

‘These CCUS projects are absolutely massive undertakings, in terms of logistics and costs. They’re also absolutely going to be needed’

Canada’s natural resources minister is growing weary of waiting for the oilsands sector to start building one of the world’s largest carbon capture networks.

But feelings of frustration are also growing on the other side.

One of the country’s largest oilsands producers said Tuesday it’s still not seeing enough clarity around promised federal incentives for the Pathways Alliance group to start building its $16.5-billion carbon capture and storage network in northern Alberta.

The proposed development is a foundational part of the sector’s plan to attain net-zero emissions by 2050.

An executive with Cenovus Energy, one of the members of the alliance of oilsands producers, said that policy certainty is also being affected by a series of federal initiatives, such as the incoming emissions cap on the Canadian oil and gas sector.

Read More: https://calgaryherald.com/opinion/columnists/varcoe-canada-oilsands-producers-losing-patience-feds-ccus

Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More