Alberta, Ottawa continue 'game of chicken' on carbon capture, with little help in provincial budget Column by ChrisVarcoe ableg abpoli
During an event this week, Calgary Chamber of Commerce CEO Deborah Yedlin compared the federal-provincial debate to “a game of chicken.”Parkland said it will not move ahead at this time with a plan announced last May to build a stand-alone renewable diesel complex at its refinery in Burnaby.
Funding of $246 million over three years for the province’s Carbon Capture and Storage Initiative is also being earmarked to support developments, including the existing Alberta Carbon Trunk Line and Quest project. Greenpeace Canada’s Keith Stewart noted five of the largest Canadian-based oilsands companies notched more than $34 billion in profits last year.
Carbon capture projects are a “top tier technology” for oilsands producers to reach net-zero emissions by 2050, said Kevin Birn, an S&P vice-president.
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