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The International Energy Agency’s Net Zero by 2050 report is a landmark document showing a detailed pathway, complete with tangible milestones, to meet emissions targets by 2050. It calls for an overhaul of how the world is powered. If nothing else, the report clearly shows how difficult the path forward will be if we want to achieve net zero.
In Canada, the response to the report has been focused on its calls for no new oil and gas fields and ending investments in new fossil fuel projects.
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Varcoe: Oilpatch hopes Ottawa will spark carbon capture and storage projects calgaryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calgaryherald.com Daily Mail and Mail on Sunday newspapers.
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A new federal budget arrives Monday and the oilpatch is waiting to see if Ottawa will provide incentives to propel new carbon capture utilization and storage projects forward.
But Advantage Oil & Gas CEO Andy Mah already sees a promising future for the technology, with or without government aid.
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Try refreshing your browser, or Chris Varcoe: Oilpatch hopes Ottawa will spark carbon capture and storage projects Back to video
The mid-sized oil and natural gas producer recently announced it has developed, along with Calgary-based Allardyce Bower Consulting, modular carbon capture and storage technology that’s capable of being profitable around today’s carbon price.