Carbon capture too expensive, takes too long to build: Report

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.

Carbon capture and storage is a technology that captures greenhouse gas emissions from industrial sources and stores them deep in the ground to prevent them from being released into the atmosphere. "The oil sector in Canada has been identifying CCS as the major component of its plan to bring down emissions," said Angela Carter, co-author of the IID report.

"To build this capacity, industry is looking for strong signals that investments in CCS and other emissions reduction technologies align with Canada's low-carbon future," Millar said.

Earth doesn’t need it / earth is self regulated

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Carbon capture too expensive, takes too long to build: Report - BNN BloombergBy betting it can solve its emissions problem with carbon capture and storage, Canada's oil and gas industry risks saddling itself with expensive stranded assets, a new report argues.
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