10 of 13 ‘Flagship’ CCS Projects Failed to Deliver, IEEFA Analysis Concludes:

The report lands
just as analysts in the United States warn of major verification
problems with a CCS tax credit that received a major boost in the Biden
administration’s new climate action plan, and as Canadian fossils lobby
for more tax relief to match what’s becoming available in the U.S.

One of the case studies in the 79-page IEEFA report [pdf] concludes that the troubled
Boundary Dam CCS project in Saskatchewan has missed its carbon capture
by about 50%. The 13 “flagship, large-scale” projects in the analysis
account for about 55% of the world’s current carbon capture capacity,
the institute says in a release.

10 of 13 ‘Flagship’ CCS Projects Failed to Deliver, IEEFA Analysis Concludes: The report lands
just as analysts in the United States warn of major verification
problems with a CCS tax credit that received a major boost in the Biden
administration’s new climate action plan, and as Canadian fossils lobby
for more tax relief to match what’s becoming available in the U.S.One of the case studies in the 79-page IEEFA report [pdf] concludes that the troubled
Boundary Dam CCS project in Saskatchewan has missed its carbon capture
by about 50%. The 13 “flagship, large-scale” projects in the analysis
account for about 55% of the world’s current carbon capture capacity,
the institute says in a release.Read More