Varcoe: Oilpatch hopes Ottawa will spark carbon capture and storage projects calgaryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calgaryherald.com Daily Mail and Mail on Sunday newspapers.
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A new federal budget arrives Monday and the oilpatch is waiting to see if Ottawa will provide incentives to propel new carbon capture utilization and storage projects forward.
But Advantage Oil & Gas CEO Andy Mah already sees a promising future for the technology, with or without government aid.
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The mid-sized oil and natural gas producer recently announced it has developed, along with Calgary-based Allardyce Bower Consulting, modular carbon capture and storage technology that’s capable of being profitable around today’s carbon price.
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Stewart Muir Stewart Muir is founder and executive director of the Resource Works Society, a Vancouver-based group open to participation by British Columbians from all walks of life who are concerned about their future economic opportunities. He is an author, journalist and historian with experience on three continents including a financial editor of The Vancouver Sun responsible for mining and markets coverage. Since Resource Works was established in 2014, the group has gained international recognition for its practical approach to the public challenges of responsible natural resource development and use.
A Parliamentary committee has looked at what would happen if the United States goes through with Michigan’s threat to cripple the Canadian economy by unilaterally shutting down the Line 5 pipeline.
From: Natural Resources Canada
Today, the Honourable Seamus O’Regan Jr., Minister of Natural Resources, announced that the $750-million Emissions Reduction Fund (ERF) onshore program is on track to cut, in its first year, methane emissions equivalent to 3.1 megatonnes of carbon dioxide, roughly equal to removing 674,000 cars from the road, highlighting encouraging results from the program’s first intake.
Reducing emissions from methane, one of the most potent greenhouse gases, is a key part of Canada’s strengthened climate plan and its commitment to achieving net zero by 2050, ensuring a healthy economy and a healthy environment for Canada. By acting now, Canada is building a clean energy future that powers economic growth, creates good jobs and dramatically reduces our greenhouse gas emissions.
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