carbon capture and storage

Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says.

A Calgary company proposing to use carbon capture and storage technology to create clean electricity from landfill waste has become the second to secure a carbon price backstop contract through the Canada Growth Fund.

The question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the technology's adoption in Canada.

Energy Transitions Commission chair Adair Turner sees “serious challenge” ahead for country as greater-than-expected oil and gas export revenue loss combines with high-price ramp up of carbon capture to meet national climate targets.

Canada's energy minister is defending carbon capture and storage technology as both effective and affordable, after an Alberta power company walked away from a planned project and a study found that another project got public subsidies to cover more than three-quarters of its costs.

Capital Power's decision not to pursue its $2.4-billion Genesee project is unlikely to be the first of other such cancellations, said Scott MacDougall of the Pembina Institute, a clean energy think tank.

COP29 could make carbon markets permanent. Indigenous leaders are calling for a moratorium before it's too late.

Saskatchewan's Boundary Dam project continues to miss emissions reduction goals, raising questions about the cost-effectiveness of the technology, says a report.

At least 1,300 employees of organizations representing fossil fuel interests registered to attend this year's United Nations climate talks in Dubai, more than three times the number found in an Associated Press analysis of last year's talks, as new rules took effect requiring attendees to disclose their employment.

After last week's federal fall economic statement, however, Pathways president Kendall Dilling said the likelihood of a positive decision on the project has increased.

In a new report, the Paris-based International Energy Agency said oil and gas companies need to start "letting go of the illusion" that "implausibly large" amounts of carbon capture are the solution to the global climate crisis.

Alberta's premier told the audience at the Pembina Institute's Climate Summit that their support for wind and solar was "fantasy thinking." But as the International Energy Agency's latest forecast shows, she's the one living in a dream world right now.

Given the poor track record and high cost of carbon capture and storage in the oil and gas sector to date, governments should think twice about their support for this technology.

More than 50 Alberta CEOs, entrepreneurs and industry leaders are in Ottawa this week in an effort to raise the profile of their province and promote "collaboration" on issues related to energy, climate and the economy.

Techniques such as solar radiation management may have unintended consequences, experts say