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Article: Canada: Shell carbon plan wins Canadian government funding.
- Article from:
- TendersInfo
- Article date:
- October 10, 2009
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The Canadian and Alberta governments have promised C$865 million ($823 million) to help oil major Royal Dutch Shell Plc develop carbon capture and storage at its oil sands processing plant as they seek to meet goals to cut emissions and curb global warming.
The governments said in a letter of intent they would spend the money over 15 years on Shell's Quest carbon dioxide reduction project at its Scotford upgrader near Edmonton, which the company said has a total estimated cost of C$1.35 billion. Alberta signaled it will contribute C$745 million and Ottawa will kick in C$120 million.
The funding for the fledgling technology comes as governments try to cut ...