Canada's largest oilsands producers signed an agreement with the Alberta government allowing them to assess the geology of an underground carbon storage site, a step in their plan to tackle greenhouse gas emissions.
Thomson ReutersThe Pathways Alliance, a group representing 95 per cent of oilsands companies, is working to make its production carbon neutral by 2050.The Pathways Alliance, consisting of six companies representing 95 per cent of Canada's oilsands production, is proposing a carbon capture and storage hub that will gather and store emissions from 14 oilsands projects in northern Alberta by 2030.
But the costly technology takes years to build, and proposed Canadian projects are relying on government support to move forward. The agreement enables the alliance to immediately start a detailed evaluation of its proposed storage hub in the Cold Lake region, which will help with field development plans to support the final application to the Alberta government."You just need that next level of detail of understanding. So this allows us to go out and start acquiring that data," he said."It'll be a really busy year for the project.
If the project proceeds, some facilities that do not need a carbon pipeline to reach the hub could be injecting as early as 2026.
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