Dick Zoutman on bsky, July 14, 2026
The economics don’t work without heavy SUBSIDY. That WE pay for!
Project needs carbon price above $130/tonne; credits trade below $20/tonne. Ottawa is now proposing financing for operating costs too!
That means WE pay for this inefficient carbon capture project!!
Feds lower carbon capture project targets and offer new subsidies as costs double (National Observer, July 13, 2026)
Alberta’s gargantuan Pathways carbon capture and storage (CCS) complex — the world’s biggest such project under development — could cost more than twice the $16 billion original estimate and sequester only a fraction of the oilsands’ carbon pollution initially promised — even as it appears the federal government is open to providing it with additional subsidies.