Newspaper article The Canadian Press

SaskPower Says Likely No More Carbon Capture and Storage Projects Due to Costs

Newspaper article The Canadian Press

SaskPower Says Likely No More Carbon Capture and Storage Projects Due to Costs

Article excerpt

No more carbon capture projects: SaskPower

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REGINA - SaskPower says it won't likely support more carbon capture and storage projects due to costs.

President and CEO Mike Marsh says the technology is still worthwhile, but the current economic climate doesn't warrant moving forward with such projects because the low cost of natural gas makes that a more viable option.

SaskPower's Boundary Dam power plant in Estevan takes emissions from coal generation and stores them.

When the $1.5-billion facility opened with much fanfare in October 2014, the goal was to reduce carbon dioxide emissions by one million tonnes annually; in 2016, SaskPower said the plant was on track to capture 800,000 tonnes of carbon dioxide.

SaskPower had to pay $7.3 million in penalties to Cenovus Energy (TSX:CVE) in 2015 because the plant wasn't operating enough to deliver all the captured carbon dioxide promised to Cenovus. …

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