The government of Alberta, Canada approved a joint application by oil sands producers for subsurface storage sites for CO2 capture, as the industry is looking to decarbonize by 2050.
On Oct. 4, the government released a list of 19 projects that will explore ways to develop CO2 storage hubs to help decrease emissions in the province.
One of the projects listed is a major oil sands carbon storage project in Northern Alberta that includes companies in the Pathway Alliance. Canadian Natural Resources Ltd., Cenovus Energy Inc., ConocoPhillips, Imperial Oil Ltd., MEG Energy Corp. and Suncor Energy Inc. are all members of the alliance, which covers 95% of oil sands production.
Earlier this year, Alberta allocated $40 million to 11 carbon capture projects.