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Athabasca Oil Corp. is aiming for a 30 per cent reduction in greenhouse gas emissions intensity by 2025, based on 2015 levels. Article content Intermediate producer Athabasca Oil Corp. could be poised to lap its much larger oilsands peers in deploying carbon capture and storage technology to cut emissions, after an announcement Wednesday. Article content The Calgary-based firm said it will partner with clean tech firm Entropy Inc. to build a carbon capture and storage (CCS) project at its Leismer oilsands site. Athabasca hopes to increase production at this site by about 30 per cent by 2024, and a final investment decision is expected next year. Article content The company is aiming for a 30 per cent reduction in greenhouse gas emissions intensity by 2025, based on 2015 levels. The Pathways Alliance, a consortium of six of the largest oilsands firms in the sector, proposed a massive carbon capture storage hub and pipeline in 2021 — but member companies have yet to sanction the $16.5-billion project despite Ottawa’s announcement last April of a 50 per cent investment tax credit for carbon capture storage and utilization projects. Article content Pathways Alliance members have since said they’re seeking more certainty from […]
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