v1energy.com

PR - The Government of Alberta has introduced new legislation that provides the legal authority to administer the $2 billion in provincial funding for carbon capture and storage (CCS) announced by Premier Ed Stelmach in July 2008. “The Government of Alberta is investing in the science of solutions,” said Energy Minister Mel Knight. “This new bill demonstrates the Government of Alberta’s commitment to its goal of clean energy production. We expect the carbon capture and storage projects built with these funds will reduce CO2 emissions by five million tonnes annually by 2015.”

The Carbon Capture and Storage Funding Act, Bill 14, will enable the province to administer funding to support three to five large-scale carbon capture and storage projects. Companies vying for the funding are completing full project proposals, which will be submitted to government by March 31. The selected projects will be announced by June 30.

“Alberta is a small contributor to global greenhouse gas emissions but as we develop CCS technology that can be shared with the world, we can make a significant contribution to the climate change solution,” said Knight.

The funding and the legislation support the Provincial Energy Strategy and its key outcomes of clean energy production, wise energy use and sustained economic prosperity.  More details on carbon capture and storage and the Provincial Energy Strategy are available at www.energy.alberta.ca.