CALGARY - Ottawa says it plans to invest $63 million in a large-scale carbon capture and storage project in Alberta.
Natural Resources Minister Lisa Raitt says the Alberta Trunk Line project will create jobs when they're needed the most, while helping the environment.
The project is led by Enhance Energy Inc. in partnership with North West Upgrading.
It has the potential to permanently store up to two billion tonnes of carbon when operating at full capacity -- the equivalent of taking 2.6 million cars off the road every year.
The Alberta Trunk Line project is designed to gather carbon dioxide from the Industrial Heartland near Edmonton, home to several refineries and petrochemical plants.
The gas will then be transported to mature oilfields in South-Central Alberta, where it will be pumped as a means to boost production.
