Canadian Governments Dish Out $876 Million for Shell's Oil Sands Carbon Capture Project

[Nathanael]

Royal Dutch Shell will receive C$876 million from both the Canadian federal government and also the Alberta provincial government for its Quest carbon capture and storage project at the company's Scotford Upgrader plant in the Alberta oil sands.

Shell's Quest project would represent the first oil sands operation to sequester carbon from its upgrading facility. The funding will be dispersed over a 15 year period, with the majority, C$745 million, coming from Alberta's provincial government.

Alberta, home to the largest deposit of oil sands in the world, has committed C$2 billion to the development of carbon capture and storage technology.

Link: http://www.energyboom.com/emerging/canadian-governments-dish-out-876-million-shells-oil-sands-carbon-capture-project

[leveymg]

1. This follows the $500 mil Gov. Palin gave TransCanada Pipeline to build the LPG pipes to Alberta

and the further $15 billion that T. Boone Pickens wanted the US to fork out to build a grid to support the tar sands exploitation project in the U.S.

[Nathanael]

2. T.Boone's Working Really Hard

He is lobbying Congress daily to pass legislation which would move America's vehicles toward natural gas as their primary fuel. His "Pickens Plan" almost exclusively focuses on natural gas development now.

[Nihil]

3. He's got more than a few natural gas supporters posting profusely on E/E too. (n/t)