A construction worker walks past the steam generating facility at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake, Alta., in 2012. The company is part of Pathways, a group of six companies responsible for about 95 per cent of oil sands production. A coalition of oil sands companies eyeing a massive new emissions-reduction project in northern Alberta will this winter begin exploratory drilling of underground reservoirs in which it hopes to store captured carbon, as part of its goal to produce net-zero oil by 2050. But Kendall Dilling, president of the Pathways Alliance , said there’s still another year or two of project development and applications for regulatory approvals before the planned carbon capture project hopefully gets the green light. The multibillion-dollar proposal includes a pipeline to gather captured carbon from more than 20 oil sands facilities and move it to an underground storage hub near Cold Lake, Alta. “We want to turn dirt and get steel in the ground more than anybody, but these are massive projects. There’s just a certain development timeline that you have to follow,” Mr. Dilling told The Globe and Mail on Monday. Pathways is a group of six companies responsible […]
CamTrader offers a preview only. View original article. www.theglobeandmail.com
