Capital Power’s big carbon capture project is on hold – it’s a sign that we have to work even harder on decarbonizing Canadian industryEdmonton-based Capital Power Corp. says it is no longer pursuing a proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant, located near Edmonton.shelved plans for a carbon capture project at its natural gas-powered generating station west of Edmonton. The $2.
Carbon pricing is our cornerstone climate policy, so what choice does the government have other than to make it work better? Its 2030 Emissions Reduction Plan says Canada will need 30 million tonnes of carbon capture by a little over five years from now. But we haven’t had a new megatonne-scale carbon capture project since Shell Quest launched in 2015.
We have to cut more than 150 megatonnes per year of annual industrial emissions by 2030 to achieve the federal government’s targets.with Navius Research shows that a broad-based program of carbon contracts for difference will be essential to achieving a substantial share of those reductions. The federal government made encouraging commitments in the recent federal budget to develop an expanded range of carbon contracts for difference offerings, potentially including standardized contracts. This could unlock billions of dollars in investment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell sold millions of carbon credits for carbon that was never captured, report findsThe Shell Quest Carbon Capture and Storage facility near Edmonton, Alberta, Canada, on Monday, July 20, 2023. To hit its net zero targets, the world is relying on a controversial technology pioneered by the fossil fuel industry.
Source: CBC - 🏆 32. / 63 Read more »
Ottawa to force banks to call carbon rebate a carbon rebate in direct depositsCanadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault
Source: sudburydotcom - 🏆 6. / 89 Read more »
Ottawa to force banks to call carbon rebate a carbon rebate in direct depositsCanadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault.
Source: CTVNews - 🏆 1. / 99 Read more »
Ottawa to force banks to call carbon rebate a carbon rebate in direct depositsCanadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Ottawa to force banks to call carbon rebate a carbon rebate in direct depositsOTTAWA — Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make
Source: DurhamRadioNews - 🏆 70. / 51 Read more »
Ottawa to force banks to call carbon rebate a carbon rebateCanadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault.
Source: CP24 - 🏆 30. / 67 Read more »