Canada Seeks CCUS Bids

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The Canadian government has begun soliciting proposals for engineering studies that can help advance clean energy technologies like carbon capture, utilization and storage (CCUS) as it tries to balance its commitment to reducing emissions with the needs of its oil and gas sector. The country is looking to support front-end engineering and design studies that have the potential to reduce the impact of carbon emissions for different industrial facilities. Initial proposals are due Sep. 22. Minister of Natural Resources Seamus O’Regan says CCUS “is how we get to net-zero [emissions] by 2050” and has acknowledged that Canada’s economy is “highly dependent” on the oil sector (NE Mar.11'21). Canada set aside some C$319 million (US$255 million) in its 2021 budget to invest in research and development to determine the commercial viability of CCUS technologies.

Equity and Debt Markets, Carbon Capture (CCS), Low-Carbon Policy, Corporate Strategy
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