DRS
July 25th, 2009, 6:44 pm
When you have Conservatives looking at preserving the environment and the NDP socialists complaining doing so could lead to higher taxes.
NATHAN VANDERKLIPPE
CALGARY — From Saturday's Globe and Mail
Last updated on Saturday, Jul. 25, 2009 04:17AM EDT
.Technology to capture Alberta's greenhouse gases from the oil sands could not only reduce the industry's carbon footprint, but also generate billions in additional royalties every year, according to a new study.
The independent report drafted for the government sheds new light on the huge effort - and cost - needed to dramatically reduce emissions in a province that generates most of its electricity from coal, and produces most of its crude from oil sands. But it also outlines the potential benefits.
It will likely take a joint federal-provincial commitment of $1-billion to $3-billion a year for a decade to make the technology work on a commercial level in Alberta, according to the Alberta Carbon Capture and Storage Development Council.
That prospect drew criticism from the provincial NDP, which called it a "boondoggle" that could trigger "staggering tax hikes."
http://www.theglobeandmail.com/report-on-business/carbon-capture-could-generate-billions-in-royalties-for-alberta/article1231254/
NATHAN VANDERKLIPPE
CALGARY — From Saturday's Globe and Mail
Last updated on Saturday, Jul. 25, 2009 04:17AM EDT
.Technology to capture Alberta's greenhouse gases from the oil sands could not only reduce the industry's carbon footprint, but also generate billions in additional royalties every year, according to a new study.
The independent report drafted for the government sheds new light on the huge effort - and cost - needed to dramatically reduce emissions in a province that generates most of its electricity from coal, and produces most of its crude from oil sands. But it also outlines the potential benefits.
It will likely take a joint federal-provincial commitment of $1-billion to $3-billion a year for a decade to make the technology work on a commercial level in Alberta, according to the Alberta Carbon Capture and Storage Development Council.
That prospect drew criticism from the provincial NDP, which called it a "boondoggle" that could trigger "staggering tax hikes."
http://www.theglobeandmail.com/report-on-business/carbon-capture-could-generate-billions-in-royalties-for-alberta/article1231254/