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May 2, 2024
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Morning Update: Carbon capture faces doubts after $2.4-billion project axed

Source: theglobeandmail.com theglobeandmail.com
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News Snapshot:
Good morning, Canada’s efforts to reduce emissions from industries that produce or heavily use fossil fuels has been dealt a blow after an Edmonton-based company has scrapped plans for one of the country’s largest carbon-capture projects. Capital Power Corporation announced yesterday that it is discontinuing pursuit of the $2.4-billion project because it does not work financially. The company earlier said that the proposal would annually capture up to 3 million tonnes of emissions from natural-gas units at its Genesee generating station in Alberta. The decision relates at least in part to continuing tensions between industry and the federal government about...
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