Federal Government Aims to Help Alberta Carbon Capture Technology Using Clean Energy Fund
Wednesday, October 14th, 2009The Federal Government is dipping into the Clean Energy Fund (CEF) and assisting the Alberta Government with the funding of two major projects (totalling over $1.6 Billion). Both of the projects make use of carbon-capture technology and stand to reduce Canada’s greenhouse gas emissions, in a manner which doesn’t simply transfer them to another country, thereby helping to reduce global greenhouse gas emissions.
Carbon capture essentially results in waste CO¬2 being pumped into the depleted aquifers and stored there, rather than emitting them into the environment. Many of the comments that I have heard are quite negative, and relate to the fact that this is a lot of money going into an unproven technology, making it important to note that carbon capture and storage is used in Egypt by BP.
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In a world of rising energy prices, a growing demand for clean and sustainable energy and a growing demand to mitigate climate change, should we be constructing new coal power plans or other high green house gas (GHG) emitting power sources?