Carbon capture plan faces doubts after Capital Power cancels $2.4-billion project: Globe and Mail
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Edmonton-based Capital Power Corp. has parked its plans for one of the country’s biggest carbon capture projects, saying it is “not economically feasible” at this time. As Adam Radwanski of The Globe and Mail reports, the corporation announced in its quarterly earnings report that it will no longer pursue the $2.4 billion project, raising big questions about Canada’s ability to meet its emission reduction targets. Earlier this year, the company had expressed disappointment with the pace of negotiations with the Canada Growth Fund, the new arm’s length agency that offers revenue certainty tools for projects that will help Canada’s transition to a net-zero economy.
