Monday, March 10, 2008

Sequestered Policy

Interesting to see the federal government sit on this one until after the Alberta election, eh?

OTTAWA — Ottawa will unveil new climate-change regulations this week that would force new oil sands projects and coal-fired electricity plants to capture and store the bulk of their greenhouse gases rather than spew them into the air.


I'll be very curious to see the reaction out of Alberta, given Eddie's tough talk this campaign...

7 Comments:

  • Crescent Point Energy Trust, Arc Energy Trust, PennWest Energy Trust all hold major conventional depleted oil fields in Alberta that are in desparate need of carbon dioxide for enhanced oil recovery.

    Ralph Klein sleeping on the job was the main obstacle to getting all the stakeholders together for carbon sequestration in Alberta to be a win-win-win for everybody. Alberta would get to collect more oil royalties for a long time on enhanced oil recovery from currently depleted fields.

    The main problem with the federal Liberal policy was that it did not clearly articulate that any money raised from set a price for carbon would be plowed directly back into the Alberta oil industry for carbon sequestration.

    The federal Conservative policy is basically aligned with the plan Stelmach introduced last year for carbon pricing and sequestration. Things should begin to move fairly fast now that the big boob from Calgary is no longer premier.

    By Blogger whyshouldIsellyourwheat, at 10:42 AM  

  • ..and it all leans on a dubious technology which exists mainly for it's PR value.

    Not to mention that the intended use is to use the CO2 to better extract even more oil, which we can burn to produce even more CO2.

    Wonderful.

    By Blogger Mark Francis, at 11:12 AM  

  • //..and it all leans on a dubious technology which exists mainly for it's PR value.//

    It is not a dubious technology. I would suggest you look at Denbury Resource (ticker symbol DNR) in the United States, and what CO2-induced EOR can do.

    By Blogger whyshouldIsellyourwheat, at 11:26 AM  

  • Looks like a brightening of conditions in Alberta.

    Nice new trend. = TG

    By Blogger TonyGuitar, at 12:18 PM  

  • Don Newman interviewed Smiling Jim Flaherty on the Private Member's Bill. Well, Smiling Jim wasn't smiling no more.

    I wonder how bad the NAFTA-gate and Cadman scandal really is? It must be pretty bad to tie up harper's senior ministers.

    By Blogger JimTan, at 5:28 PM  

  • "Interesting to see the federal government sit on this one until after the Alberta election, eh?"

    It's not like all the talk from John Baird about regulating large final emitters didn't give this away months ago.

    By Anonymous Anonymous, at 5:58 PM  

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    By Blogger Scottish Trust Deeds, at 10:18 AM  

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