Alberta’s oil and gas industry embarking on carbon capture strategy to be net-zero

Intending to extend the life of its oilsands, Alberta’s oil and gas industry is investing heavily into blue hydrogen and an alliance to achieve net-zero emissions.

The ventures were made in the aftermath of Keystone XL’s demise. The industry is now banking on carbon capture. Air Products Canada is moving ahead with a $1.3-billion carbon capture and hydrogen facility in Edmonton, which aims to capture about 95 per cent of carbon from natural gas that is used to produce hydrogen-fueled electricity.

The oilsands’ big players, including Suncor Energy, Cenovus Energy, Canadian Natural Resources, MEG Energy and Imperial, have allied with one another to achieve net-zero emissions.

To read the full story from Canada’s National Observer, click here.