...but they won't receive the bulk of their funding until
they hit performance targets, Alberta's Energy Minister, Ken
said the other day. There is $2.1 billion in grant money
available to the two companies, whose projects will have the effect
of taking 550,000 vehicles off the road annually. "As we
have seen there were two projects of the four that for their own
idiosyncratic reasons did not proceed and not one penny of
government funds went to either one of those projects," the
Minister told the public accounts committee. The projects
will begin storing carbon dioxide at a rate of 1.5 million tonnes a
year in 2015, but will ramp up to 2.76 million tonnes by 2016 and
hit three million tonnes by 2020, Hughes said.
There are two projects remaining:
Energy Inc.Alberta Carbon Trunk Line — Enhance
Energy is constructing a carbon pipeline to carry waste gases
to aging oilfields where it can be used to enhance the recovery of
crude oil. Normally only only 15 to 20 per cent of oil
in those reserves could be extracted using current
technology. The Minister remarked, "enhanced oil
recovery using C02 can add another stream of production over time.
As a result, this adds great value ... and further royalties for
Shell's Quest project will capture greenhouse gases from its
Scotford upgrader northeast of Edmonton and inject them in a salt
formation 80 kilometres north of the plant.
More than $21 million was allocated in the 2012-13 budget to the
two surviving projects, but that money is refundable if the
projects don't proceed.
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Ontario's Ministry of the Environment and Climate Change continues to roll out its Climate Change Action Plan with its proposed GHG guide for projects that are subject to the province's Environmental Assessment Act.
The Imperial Oil refinery pled guilty to one offence for discharging a contaminant, coker stabilizer, thermocracked gas, into the natural environment causing an adverse effect and was fined $650,000...
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