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Alberta CCS Project Could Be ‘Scuppered’ without Permanent Subsidies, Industry Analysts Warn

February 20, 2024
Alberta CCS Project Could Be ‘Scuppered’ without Permanent Subsidies, Industry Analysts Warn

The Canadian oil sands industry’s plans for a C$16.5-billion carbon capture, utilization and storage (CCUS) megaproject in Alberta would likely be “scuppered” without continuing financial support from taxpayers, analysts at the Wood Mackenzie energy consultancy conclude in a report issued last week.

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