08:04:42 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 MEG, rivals see Smith chase carbon capture

2023-11-29 07:31 ET - In the News

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

The Globe and Mail reports in its Wednesday, Nov. 29, edition that Alberta has doubled-down on its support for carbon capture for emissions reduction with a new multibillion-dollar grant program for heavy industry. The Globe's Emma Graney and Carrie Tait write that Premier Danielle Smith on Tuesday introduced the program to build new carbon capture, utilization and sequestration (CCUS) projects in the province. She said it will have a price tag of between $3.5-billion and $5-billion, depending on the number of projects. It will be partly funded by Alberta's carbon tax on large emitters and will cover up to 12 per cent of capital costs for new CCUS efforts. Ms. Smith intends to pitch global players on Alberta's energy and environmental policies at the COP28 climate summit in Dubai. Saskatchewan Premier Scott Moe also plans to attend in hopes of selling his province's approach. Their version of environmental stewardship, however, clashes with the one put forward by federal Environment Minister Steven Guilbeault, who will also attend COP28 on behalf of Canada. Alberta's new program is designed to build on the federal government's planned tax credit for CCS projects, which will cover up to half of capital costs.

© 2024 Canjex Publishing Ltd. All rights reserved.