By Nia Williams CALGARY, Alberta (Reuters) - A C$16.5 billion ($12.27 billion) carbon capture and storage (CCS) project proposed by Canada's major oil ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSCALGARY, Alberta - A C$16.5 billion carbon capture and storage project proposed by Canada's major oil producers will only move forward if the federal government sets up a contract to lock in future carbon prices, the Pathways Alliance said on Wednesday.
The so-called contract for difference would guarantee a minimum price for the carbon captured by the Pathways project, helping assure future revenues. Negotiations with the Alberta government over a provincial investment tax credit are progressing well, Dilling added, though he warned incentives need to be finalised by year end or early next year if the project is to start operating in 2030.
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