CO2 Capture and Sequestration

[johnlw]

Companies seek carbon fund cash

From Herald News Services

Wednesday, September 03, 2008

Greenhouse Gases - The Alberta government has received more than a dozen applications from companies vying for a slice of a $2-billion pie set aside to fund large-scale carbon capture and sequestration projects.

The end of the day Tuesday was the deadline for expressions of interest from Alberta companies.

"We're very pleased with the initial response we've had," Energy Department spokesman Jason Chance said late Tuesday.

The government is looking to proposals that have the greatest potential to be built quickly and significantly reduce greenhouse gases, with the hope of reducing emissions by up to five million tonnes annually.

Chance said the government will now narrow down the expressions of interest to a smaller group and ask for more detailed proposals from those finalists.The decision should be made public in early 2009.
© The Calgary Herald 2008