Canada must capitalize on the coming CCS boom CanadiansInvest
But it is imperative that companies in Canada receive the business certainty they need to move forward
It is a painful example of the real-life difficulties of trying to balance the world’s growing demand for reliable, affordable and responsibly produced energy while simultaneously working to meet ambitious goals for cutting greenhouse gas emissions . Canada has been a leader in the first generation of CCS. We are home to five of the world’s 30 commercial CCS facilities, and we account for approximately 15 per cent of current global CCS capacity even though our country generates less than two per cent of global CO2 emissions.
Virtually all the country’s resource-based industries – from oil and gas, mining and electricity to cement, steel and fertilizer manufacturers – are looking to add large-scale CCS to their operations. Meanwhile, international cement producer Lehigh Hanson aims to build the world’s first full-scale CCS project for the cement industry on its Edmonton plant by 2026 – creating 800 full-time jobs and approximately 7,000 person-years of employment in the process.
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