Canada to Invest $780M in Carbon Capture Project

Oct 16 2009 | 12:54pm ET

The Canadian government and the government of the province of Alberta will spend $779 million over 15 years on a carbon dioxide capture project to be located west of Edmonton.

Canadian Prime Minister Stephen Harper was in attendance on Wednesday as funding was announced for the project to be carried out by TransAlta Corp at its Keephills 3 coal-fired generator near Wabamun Lake.

The aim of ‘Project Pioneer,’ as it’s been dubbed, is to capture and store up to 1 million tonnes of CO2 annually as one of the first large-scale facilities of its kind in the world.

Harper said such projects would “define the future of this industry. Carbon capture and storage has the potential to help us balance our need for energy with our duty to protect the environment.”


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of