“The Canadian space is much more tightly regulated than other competing regions.”
Through the Pathways Alliance, Canada’s six largest oil sands producers, representing 95 percent of pro - duction, are planning to spend $24.1 billion before 2030 on one of the world’s largest carbon capture and storage (CCS) networks, which will reduce operating emissions by 22 million tonnes per year by 2030 and achieve a goal of net zero operating emissions by 2050. “Canada has been a leader in the first generation of CCS,” said James Millar, CEO of the International CCS Knowledge Centre. “We are home to five of the world’s 30 commercial CCS facilities, and we account for approximately 15 percent of current global CCS ca - pacity even though our country generates less than two percent of global CO2 emissions.”
437 PRINCE ST., TRURO, NS B2N 1E6 902.895.1651 RESERVATIONS@INNONPRINCE.COM
“They’ve got many new treatment methods that use less river water and more recycled water.”
SPOTLIGHT ON BUSINESS MAGAZINE • VOL 23 ISSUE 3
VOL 23 ISSUE 3 • SPOTLIGHT ON BUSINESS MAGAZINE
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