06:36:16 EST Sat 24 Feb 2024
Enter Symbol
or Name

Cenovus Energy Inc
Symbol CVE
Shares Issued 1,882,786,392
Close 2023-11-28 C$ 23.98
Market Cap C$ 45,149,217,680
Recent Sedar Documents

Globe says for MEG, rivals carbon capture plan on track

2023-11-28 08:11 ET - In the News

See In the News (C-MEG) MEG Energy Corp

The Globe and Mail reports in its Tuesday, Nov. 28, edition that a carbon-capture project to help bring production in Alberta's oil sands to net-zero emissions is slated to begin running in 2030. The Globe's Emma Graney writes that global greenhouse gas emissions created by fossil fuels have come into sharp focus ahead of COP28, the United Nations climate conference due to begin in Dubai on Thursday. Last week an International Energy Agency report warned that oil and gas producers must choose between contributing to a deepening climate crisis or becoming part of the solution by embracing the shift to clean energy. Pathways Alliance president Kendall Dilling agrees that the fossil-fuel sector needs to do more to reduce its emissions. That is why his members have spent about $1.8-billion on various technologies and pilot projects to bring production emissions to net zero by 2050. Mr. Dilling said the regulatory application for the project is imminent, but acknowledged that 2030 is a tight timeline with "zero wiggle room," which will require efficient approvals, securing workers and avoiding major supply chain delays. He said, "Those are all risks to the schedule, but we do have line of sight to 2030 right now."

© 2024 Canjex Publishing Ltd. All rights reserved.