Alberta's $16.5-billion CO2 Capture Network
This is a Alberta news story, published by calgaryherald, that relates primarily to Pathways Alliance news.
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major oilsands producerscalgaryherald
•Varcoe: 'Fish or cut bait' — Critical year ahead for Pathways Alliance's $16.5B carbon capture network
72% Informative
The Pathways Alliance oilsands group announced plans for a proposed $16.5-billion carbon capture network in northern Alberta .
The group has consistently said government incentives aren’t sufficient to make a positive investment decision (FID) for the massive project.
The project’s first phase is expected to capture and sequester approximately 10 to 12 megatonnes of CO2 annually by 2030 .
Ottawa created an investment tax credit to cover half of the capital costs for CCUS projects.
A federal election is looming in 2025 , which could complicate the discussions.
It’s unclear if the federal Conservative party, which is leading in the polls, would keep the federal investment tax credit on the table if it wins.
The project is seen as an essential way to significantly lower emissions and allow the oilsands to increase production in a decarbonized world.
VR Score
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Language
English
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Source diversity
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