Carbon Capture and Storage
The Alberta Government has committed $1.24 billion over 15 years to two commercial-scale carbon capture and storage projects. The two projects are moving forward to help reduce the CO2 emissions from the oil sands and fertilizer sectors. When both projects are completed, they will reduce Alberta's greenhouse gas emissions by 2.76 million tonnes each year. This is equivalent to the yearly emissions of 550,000 vehicles.
Alberta's investment in carbon capture and storage will also help make carbon capture and storage technologies more accessible. Alberta’s Knowledge Sharing Program publicly disseminates technical information and learnings from the projects. Public access to Alberta's Knowledge Sharing Program has the potential to reduce information costs for carbon capture and storage projects around the world.
Alberta also supports innovation in carbon capture and storage technologies through the Climate Change Emissions Management Corporation (CCEMC) and efforts with Alberta Innovates . Natural Resources Canada is also a partner. Alberta’s Climate Leadership plan takes action on climate change and protects the province’s health, environment and economy.
Beyond Alberta, there are dozens of commercial-scale carbon capture and storage projects currently operating or in various stages of development around the world. The Global Carbon Capture and Storage Institute keeps a listing of all these projects.