Oilsands carbon cuts come with $60 billion bill, loose ends: … good deal of the costs
borne by taxpayers and many loose ends yet to be tied up, according to
two of the Canadian industry’s top CEOs.

To achieve the goal announced last month, about half of the emission
cuts would need to come from capturing carbon at oilsands sites and
sequestering it deep underground, which may require as much as
two-thirds government capital like in Norway, Mark Little, chief
executive office of Suncor Energy Inc., said in an interview.

It’s still unclear how and when most of the projects will be
implemented, or which agreements will be needed, but it’s clear the
industry doesn’t want to do it alone.

Oilsands carbon cuts come with $60 billion bill, loose ends: … good deal of the costs
borne by taxpayers and many loose ends yet to be tied up, according to
two of the Canadian industry’s top CEOs.To achieve the goal announced last month, about half of the emission
cuts would need to come from capturing carbon at oilsands sites and
sequestering it deep underground, which may require as much as
two-thirds government capital like in Norway, Mark Little, chief
executive office of Suncor Energy Inc., said in an interview.It’s still unclear how and when most of the projects will be
implemented, or which agreements will be needed, but it’s clear the
industry doesn’t want to do it alone.Read More