Ottawa gives B.C.’s CO2 storage regulations stamp of approval
The federal government has given British Columbia’s carbon dioxide storage regulations its stamp of approval.
Less than two months later, ECCC notified B.C.’s Ministry of Energy, Mines and Low Carbon Innovation that the regulations passed muster. Saskatchewan and Alberta are the only other jurisdictions currently eligible for the carbon capture utilization and storage investment tax credit. A group of experts from ECCC and Natural Resources Canada spent several months in 2022 evaluating whether B.C.’s regulatory framework aligns with international best practices, ECCC told Canada’s National Observer in an emailed statement.
New research from GeoScience BC and the BC Centre for Innovation and Clean Energy found 4,230 megatonnes of carbon dioxide could potentially be stored in formations in northeast British Columbia, particularly in depleted oil and gas pools and deep saline aquifers around Fort St. John and Dawson Creek. The B.C. government, the federal government and Shell Canada each committed $35 million to the BC Centre for Innovation and Clean Energy when it launched in 2021.
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