Canada should make a “big bet” on carbon capture to lower emissions from the oil and gas sector, Mark Carney, former governor of the Bank of Canada told delegates at the International Economic Forum of the Americas in Montreal
“For Canada as a whole, we need to make a big bet, or I should say investment rather than a bet, in carbon capture in Western Canada to address the 25 per cent of our emissions that come from the oil and gas sector,” he said on Tuesday. “It’s necessary, in and of itself, to address that.”
Carney added that Canada has the opportunity to be “front and centre” in the “reordering and rewiring” of the global economy. “As the world is being rewired, we’ve got clean energy, we’ve got amazing human capital, we’ve got stability, we’ve got fantastic trading relationships around the world,” he said. “And all of that gets leveraged.”
Over the course of the conference, carbon capture emerged as one of the more promising mitigation methods in the fight against climate change.Article content The Intergovernmental Panel on Climate Change defines carbon capture as “a process consisting of the separation of from industrial and energy-related sources, transport to a storage location and long-term isolation from the atmosphere.” In other words, instead of releasing CO2 into the atmosphere, energy producers will capture and store it.
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Mark Carney says Canada should make a 'big bet' on carbon captureFormer Bank of Canada governor tells Montreal forum carbon capture will help address CO2 emissions from the oil and gas sector. Read on
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Mark Carney says Canada should make a 'big bet' on carbon captureFormer Bank of Canada governor tells Montreal forum carbon capture will help address CO2 emissions from the oil and gas sector. Read on
Read more »
Mark Carney says Canada should make a 'big bet' on carbon captureFormer Bank of Canada governor tells Montreal forum carbon capture will help address CO2 emissions from the oil and gas sector. Read on
Read more »
Mark Carney says Canada should make a 'big bet' on carbon captureFormer Bank of Canada governor tells Montreal forum carbon capture will help address CO2 emissions from the oil and gas sector. Read on
Read more »
Mark Carney says Canada should make a 'big bet' on carbon captureFormer Bank of Canada governor tells Montreal forum carbon capture will help address CO2 emissions from the oil and gas sector. Read on
Read more »
Mark Carney says Canada should make a 'big bet' on carbon captureFormer Bank of Canada governor tells Montreal forum carbon capture will help address CO2 emissions from the oil and gas sector. Read on
Read more »