Canada Seeks CCUS Bids

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

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 call for “expressions of interest” in CCUS development came on Monday, the same day an alarming new UN report warned of impending global climate catastrophe if countries don’t take immediate action to rein in greenhouse gas emissions. Canada produces some of the most emissions-intensive crude in the world from the oil sands, which have come under fire from activists who denounce the sector’s contributions to climate change. Substantial volumes of natural gas are used to extract the oil. It is a sensitive topic for Liberal Prime Minister Justin Trudeau, who has pledged a 40%-45% reduction in Canadian emissions by 2030 but must also protect an oil industry that accounts for more than 5% of the country’s GDP.

Equity and Debt Markets, Carbon Capture (CCS), Low-Carbon Policy, Corporate Strategy
Wanda Ad #2 (article footer)
Legislation that cleared the House and Senate this week include some of the top permitting reforms urged by the E&P, LNG and pipeline sectors — but it's only a start.
Fri, Jun 2, 2023
China's Ministry of Ecology and Environment has granted key environmental approvals for four newbuilds, all in China's southern Guangxi Autonomous Region.
Fri, Jun 2, 2023
Despite grand ambitions to make hydrogen the fuel of a net-zero future, commercial uncertainty, technology risk and unproven supply chains present big obstacles.
Thu, Jun 1, 2023