Carbon capture rollout lags as industry, Ottawa at odds over who shoulders risk

The Genesee Power Plant is seen near Edmonton on Oct. 19, 2022. THE CANADIAN PRESS/Handout from Capital Power - Jimmy JeongThe question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the technology's adoption in Canada.

So what's the holdup? It comes down in part to tension between government and industry over the perceived financial risk of CCUS investments, and differing opinions about how much of that risk should be borne by taxpayers. Captured carbon doesn't have any value on its own as a product, but can lower a company's own carbon tax expenses by reducing its overall emissions. In addition, companies that deploy CCUS can generate carbon credits to sell to big polluters looking to offset their own emissions.

While that assurance was enough to convince Entropy it could make a go of its project, other proponents are likely seeking a significantly higher strike price, said Michael Bernstein, executive director of the non-profit organization Clean Prosperity. In a February report, global consultancy Wood Mackenzie warned there is a real chance of the Pathways project being "delayed and potentially scuppered" if industry and the federal and provincial governments cannot come together to underwrite the risk that exists.

In an emailed statement, Carolyn Svonkin — press secretary to federal Natural Resources Minister Jonathan Wilkinson — said the government is already investing more than $90 billion to help Canadian companies decarbonize, so it's time for industry to step up and help carry the load. The Liberal government says it will expand eligibility for the federal dental program to children and people with disabilities on June 27.For two years doctors told her she was an alcoholic. Then they realized her gut was making alcohol from carbohydrates, a rare condition called auto-brewery syndrome.Many people are familiar with the benefits of being in nature, but forest therapy goes a step further than a simple walk in the woods.

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Carbon capture rollout lags as industry, Ottawa at odds over who shoulders riskCALGARY — The question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the technology's adoption in Canada. It has been half a year since privately held Entropy Inc.
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Carbon capture rollout lags as industry, Ottawa at odds over who shoulders riskCALGARY — The question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the...
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Carbon capture rollout lags as industry, Ottawa at odds over who shoulders riskThe question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the technology's adoption in Canada.
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Carbon capture rollout lags as industry, Ottawa at odds over who shoulders riskCALGARY — The question of who should bear the financial risk for pricey carbon capture and storage projects has become a stumbling block slowing the...
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