• 10 hours The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 7 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days Demonising fossil fuels has caused major grid problem in Australia
  • 1 day "...too many politicians believe things that aren’t true." says Robert Rapier
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 4 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 328 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 6 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Are Aluminum Prices About To Break Out?

Are Aluminum Prices About To Break Out?

Despite soaring demand which has…

Canada Oil Pipeline Companies Throw Money At Energy Transition

Canadian pipeline operators have just announced plans to develop a massive carbon transportation and sequestration system, weeks after the largest oil sands producers formed a collaboration initiative to achieve net-zero emissions from operations by 2050.

These plans are just the start of an upcoming massive allocation of capital and planning in the efforts to reduce emissions from one of the world’s most carbon-intensive ways to pump oil, officials in Alberta say.

On Thursday, TC Energy—which definitively canceled the Keystone XL pipeline project last week—said it had partnered with Pembina Pipeline Corporation to jointly develop a carbon transportation and sequestration system, the Alberta Carbon Grid.

The companies expect the system, once fully constructed, to be capable of transporting more than 20 million tons of CO2 annually. The project would serve as an infrastructure platform for Alberta-based industries to effectively manage their emissions and contribute positively to the province’s lower-carbon economy, the companies said.

“The full build out of ACG over time represents the potential for a multi-billion-dollar incremental investment by Pembina and TC Energy over time, sustained by a commercial framework comprised of long-term fee-for-service contracts plus a marketing and trading pool to facilitate CO2 and carbon offset transactions,” they added.

“Our province’s energy industry is vital to achieving Canada’s GHG reduction goals and Alberta companies are global leaders in reducing emissions,” Alberta’s Energy Minister Sonya Savage said.

Commenting on the announcement, Greenpeace Canada’s senior energy strategist Keith Stewart told Calgary Herald’s Chris Varcoe:

“We are not big fans of carbon capture and storage, but what we are seeing here is serious money moving into energy transition and that’s a good sign.”  

Alberta is betting on emissions-reduction efforts and developing more carbon capture, utilization, and storage (CCUS) projects to abate emissions, as well as “blue” hydrogen from its vast natural gas resources using CCUS technology.

Alberta “is well-positioned to become a world leader in hydrogen development, and is already one in CCUS,” Savage said earlier this year. 

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News