New data shows Canada's greenhouse gas emissions are creeping up but still remain below pre-pandemic levels. But with oil and gas production pushing the sector's emissions higher, all eyes are on Ottawa's long-awaited, and now delayed, emissions cap policy.
Capital Power's decision not to pursue its $2.4-billion Genesee project is unlikely to be the first of other such cancellations, said Scott MacDougall of the Pembina Institute, a clean energy think tank.
An analyst says a corporate decision to mothball Canada's largest carbon capture and storage project is likely the result of financial uncertainty and technological risks.
EDMONTON An analyst says a corporate decision to mothball Canada's largest carbon capture and storage project is likely the result of financial uncertainty and technological risks.