Canada Backs Pipeline - 11/30/2009
The Canadian and Alberta governments said on Tuesday they will invest as much as C$558M ($525M) in a pipeline project to carry carbon-dioxide from an industrial region near Edmonton, AB, Canada to aging oil fields. The pair are backing the project by closely held Enhance Energy Inc and North West Upgrading as part of a scheme to cut emissions of the gas, blamed as the chief cause of global warming. The Alberta Carbon Trunk Line will be capable of carrying up to 40,000 tons of compressed carbon dioxide per day but will initially take 5,100 tons of gas daily produced by North West's planned oil sands upgrader to be built near Fort Saskatchewan, AB, where a number of other refineries, upgraders and chemical plants are also located.
Read the full story at reuters.com.
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