The report, released Thursday by the International Institute for Sustainable Development — a Winnipeg-based think-tank that focuses on climate and sustainable resource development — concludes carbon capture and storage technology costs too much and takes too long to build to have any hope of helping industry meet Canada’s 2030 emissions reductions target.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.
The technology has existed for decades, but it’s expensive and has been slow to scale up. There are currently just seven CCS projects currently operating in Canada, mostly in the oil and gas sector, and only 30 commercial-scale CCS projects in operation globally. “In fact, some industry representatives, they frame CCS as the only option to make the kind of large inroads that are needed to reduce emissions in the oil and gas sector. It’s very much like the industry is putting all of its eggs in the basket of CCS.”
“Wider investment in CCS requires clear policy providing long-term certainty on carbon pricing, along with other mechanisms that will ensure Canada remains an attractive location to undertake multi-billion-dollar projects.”
Source: News Formal (newsformal.com)
Plus, if we're only using it as injection to get more carbon out from underground than we're trying (unsuccessfully) to capture there, then it's actually making the problem worse.
Isn't the issue more Carbon is not the focus, should be NOx SOx, and other pollutants
Tzeporah no shit ... two decades old information
Depends on your POV. If you want to starve public services of cash, every dollar spent on boondoggles is a dollar with-held from hospitals, schools etc. CC is perfect from that standpoint, as is any super long-term mega-project cash-sink.
The technology is just a money grab, by our parasite class aka shareholders and the suits that represent them, from the taxpayer.
This actually isn’t true and is the opinion of a single “think-tank”. The industry is ready and willing if the governments would land on a plan.
You have to read a few paragraphs in to see who wrote the report. And then it’s obvious their conclusion was predetermined. Kinda like reading a report by the Cdn Taxpayer Federation or Centre for Policy Alternatives. You know where it is going to go.
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