REGINA — Canada moved forward today with its plan to advance clean energy technologies and reduce greenhouse gas emissions. The Honourable Joe Oliver, Minister of Natural Resources, announced an investment of $14 million in Aquistore, a carbon capture and storage demonstration project near Estevan, Saskatchewan. Minister Oliver was joined for the announcement by Saskatchewan’s Minister of Environment Dustin Duncan.
The Government of Canada is contributing $9 million through its ecoENERGY Technology Initiative and $5 million through Sustainable Development Technology Canada (SDTC) to the Aquistore Project.
“The Government of Canada is strengthening its support for carbon capture and storage,” said Minister Oliver. “The Aquistore Project is an example of governments, academia and industry working together to advance clean energy technologies and reduce greenhouse gas emissions.”
“The Aquistore Project represents a first in the world: the first time carbon dioxide is sequestered safely at this scale in the ground from a coal-burning plant,” said SDTC President and CEO Vicky Sharpe. “It is clean tech innovation like this that will help drive the Canadian economy, creating jobs and economic growth, and a source of innovative solutions.”
The Aquistore research and demonstration project is being managed by the Petroleum Technology Research Centre (PTRC) in collaboration with partners in the private sector and academia. The Saskatchewan Ministry of Environment is also investing $5 million through its Go Green Fund.
“The Government of Saskatchewan’s investment in the Aquistore Project will help the province in meeting its commitment to reduce greenhouse gas emissions,” said Minister Duncan. “Designed to safely sequester 2,000 tonnes of GHG emissions per day deep underground, the project is indicative of the innovative technologies that are currently being demonstrated here in Saskatchewan for the world to see.”
“This federal and provincial support to undertake independent research is essential for the future of carbon capture and storage advancement in Canada and the world,” said Malcolm Wilson, Chief Executive Officer of PTRC. “The learnings from Aquistore will be transferable to industry and governments globally and will help inform the creation of industry-wide CO2 capture and storage regulations and policies.”
“The Aquistore Project demonstrates innovation at work in Saskatchewan and in the community of Estevan, where a world-class carbon capture and storage project is underway,” said Ed Komarnicki, MP for Souris—Moose Mountain."
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