– $24.1-billion, two-thirds of it going to carbon capture and storage, and the rest to other projects. Of the $16.5-billion budgeted for carbon capture, taxpayers will foot almost half the bill, with subsidies of $7.1-billion through to 2030 outlined in Ottawa’s April budget.
Also important is a shift in rhetoric, from both industry and Ottawa. “Our perspective is, ‘Watch us now,’” said Kendall Dilling, head of Pathways Alliance, the coalition of oil sands companies. “We have made that fundamental mindset shift that our future is a carbon-free production of our product.” The future of oil and gas has polarized Canadian politics. The left demonizes crude, the right lionizes it, and both sides miss the point. Conservatives don’t much like talking about climate change or emissions reductions. And the Liberal government – despite investing $26-billion in buying and expanding the Trans Mountain oil pipeline – doesn’t much like talking about how vital oil and gas are to Canada, or how important the resource is for the democratic world.
I'm surprised to see the Globe fall for this. It's absolute baloney; once again we're being played by the oil co. CCS is unproven & unlikely. The Canadian tax payers will pay $8 billion to prove that it infeasible, and facilitate another 8 year delay to act. I am embarrassed.
Radical extremist oil and gas policies are politically destabilizing the entire world and gigantically damaging Canada’s financial health. Voting extremist left Liberals, NDP and Green makes the entire world riskier, costlier and far less fair to all.
Finally? Haven't they been doing it for the past 16 years?
If the Liberals are finally talking nice about oil and gas, it is long, long overdue.