A group of 19 energy companies announced a carbon sequestration project, the Alberta Saline Aquifer Project, that could cost anywhere from $20-$30 million. The companies, which include ConocoPhillips, TransCanada Corp, BP Plc, EnCana Corp, and others, will spend about $750,000 over the next year identifying deep saline aquifer sites in Alberta that can be used for long term storage. The majority of the $20-$30 million will likely go toward the phase in which the carbon dioxide is taken and stored underground.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact firstname.lastname@example.orgRegister
Canadian sequestration project could cost $30 million
If you would like to learn how Lexology can drive your content marketing strategy forward, please email email@example.com.
Related topic hubs
Assistant General Counsel
“I find the newsfeeds to be extremely helpful and relevant to my practice area and to the issues facing my company. As I am extremely happy with the newsfeed (it is one of the best I receive) I have no suggestions at this time for improvement.”