Alberta to liquidate emissions reductions fund to pay deficit, new programs

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The decision to liquidate the fund came as the Supreme Court contemplated the constitutionality of the federal government’s national consumer carbon tax

Mr. Nixon said the timing of Tuesday’s announcement was purely coincidental, but added his government believes the province can use innovation to address climate change, “where other governments continue to think that they can tax their way out of this issue.”

The International Energy Agency , a Paris-based agency that advises industrialized countries on energy issues, has also pointed to CCS as a salve to reduce emissions in greenhouse gas-heavy sectors, including oil and power production. The report also notes several other technological innovations being tested at pilot scale, including NET Power’s 50‑megawatt natural gas-fired energy plant in Texas and J-Power’s Osaki CoolGen Capture demonstration project in Japan.

Still, the IEA points to a 2018 study of Saskatchewan’s Shand project – a 300-megawatt facility down the road from Boundary Dam – found deep capital cost reductions that lowered the price of capturing CO2 by 67 per cent a tonne.

 

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