The Canadian government is taking a major step towards reducing greenhouse gas emissions and modernizing the energy sector with a new $21.5 million investment in carbon capture and storage (CCS) technology.
The funds announced by Minister of Energy and Natural Resources Tim Hodgson will support cutting-edge Canadian innovation focused on reducing the environmental impact of industrial activities while supporting economic growth.
This investment is part of a broader effort to become Canada’s global clean energy leader and reduce carbon footprint.
Funded projects span a variety of CCS-related developments, including CO₂ storage, advanced transport infrastructure, and underground analysis of clean diesel engine technology.
Commenting on the investment, Hodgson said: “We are taking action to make Canada a traditional clean energy superpower, bringing great products to the market, reducing emissions, creating jobs and providing technologies that will drive the economy for decades to come.
“The announcement highlights Canada shows the world that we’re not only talking about clean energy, but we’re building it.”
What is carbon capture and storage?
Carbon capture and storage is a set of technologies designed to capture carbon dioxide (CO2) emissions from industrial sources before they enter the atmosphere.
Once captured, Co2 is stored permanently underground in the geological layer or reused in industrial processes.
This approach is particularly important for challenging sectors such as cement, steel, power generation, oil and gas. By integrating CCS technology, these industries can significantly reduce emissions while maintaining operational during the transition to a low-carbon economy.
Strategic Investment for a Cleaner Economy
The new funding supports projects under Canada’s Energy Innovation Program (EIP) natural resources, particularly seeking proposals for carbon capture, utilization and storage RD&D.
The initiative focuses on accelerating the commercial viability of CCS solutions across three key areas.
Capture: Improve performance and reduce the cost of technology collecting Co from industrial sources. Storage and Transport: Strengthening underground cooperative capabilities and developing safe and efficient transportation systems across Canada. Usage: Reuse Co-reuse technology into useful products or processes while enabling long-term isolation.
Long-term commitment to clean technology
This $21.5 million funding announcement is part of a larger $319 million commitment outlined in Budget 2021.
The seven-year spread of federal investment aims to solidify Canada’s position in global clean technology innovation and strengthen its commitment to combating climate change through practical and scalable solutions such as carbon capture and storage.
With continued support, Canada’s energy sector is poised to lead the way to a more sustainable and resilient future.
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