Exclusive-Canada oil sands carbon capture project struggles to get key contract
OTTAWA - Canada is struggling to get a key tool in place for major carbon capture and storage projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta's oil sands.
Pathways is still in talks with the government to set up such a contract, though probably not through the C$15 billion Canada Growth Fund - a body set up last year by the Finance Ministry to help attract private investment in clean tech by mitigating financing risks - the representative said. However, Canada is lagging behind the U.S., which has offered massive incentives to clean tech companies under the U.S. Inflation Reduction Act for more than a year now.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's exports, imports likely contracted more slowly in August: Reuters poll By ReutersChina's exports, imports likely contracted more slowly in August: Reuters poll
Read more »
France to ban disposable e-cigarettes, PM says By ReutersFrance to ban disposable e-cigarettes, PM says
Read more »
South Africa plans cost-cutting measures as revenue falls By ReutersSouth Africa plans cost-cutting measures as revenue falls
Read more »
Raimondo warns China patience of US business is 'wearing thin' By ReutersRaimondo warns China patience of US business is 'wearing thin'
Read more »
Sudan's army launches strikes to cut off paramilitary's supply routes By ReutersSudan's army launches strikes to cut off paramilitary's supply routes
Read more »
Italy sticks with 1% growth target in 2023 despite weak second quarter By ReutersItaly sticks with 1% growth target in 2023 despite weak second quarter
Read more »