Alberta on Thursday offered to collaborate with the federal government to incentivize carbon capture utilization and storage investments
Alberta on Thursday offered to collaborate with the federal government to incentivize carbon capture utilization and storage investments, as long as Ottawa refrains from introducing climate policies that impact the oil and gas sector without Alberta’s consent.
Canada is the world’s fourth-largest oil producer and emissions from the oil and gas sector make up more than a quarter of its total carbon output. The country’s biggest producers want to develop CCUS technology to store emissions underground, but are asking for more public money to help fund the multi-billion-dollar projects.
However, she said the invitation came with “one non-negotiable condition,” which was that the province needs to be consulted and in full agreement with any climate polices impacting the Alberta’s oil and gas sector.
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