Canada has been an enthusiastic developer and implementer of carbon capture, utilization and storage (CCUS) technologies, currently accounting for nearly 20 per cent of installed CCUS capacity globally. Along with a steep hike in the federal carbon price announced in 2020, the government has crafted a hydrogen-centric strategy to support a decarbonized economic transition, with CCUS identified as a key enabler of both pathways. Oil and gas firms, supported by their peers in heavy industry, have announced blue hydrogen, oilsands CCUS, and carbon transportation projects which – if implemented – could transform the province of Alberta and disrupt the Canadian economy.
This paper by Nnaziri Ihejirika, Research Associate, The Oxford Institute for Energy Studies explores the recent developments in the CCUS space in Canada, the major opportunities and outlook.
Download the paper here