
June 30, 2009 Government moves forward on carbon capture projects Edmonton... The Alberta government has completed its evaluation of projects applying for $2 billion in funding for carbon capture and storage (CCS) projects. As a result, government officials will pursue letters of intent with proponents of the three following projects:
Government will work to have the letters of intent signed by the end of July. If discussions with these proponents are not successful, government will evaluate its options and may proceed to discussions with other proponents. Government has budgeted up to $100 million in the current fiscal year for engineering and design work on the successful projects. The first round of commercial scale projects is expected to achieve annual carbon dioxide reductions by 2015 equivalent to taking approximately one-million vehicles, or about a third of all registered vehicles in the province, off of the road. A full list of projects that applied for funding is available at www.energy.alberta.ca. |
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