The Canada Growth Fund is partnering with Strathcona Resources Ltd. on a carbon capture and sequestration project, with each group contributing up to $1 billion in funding.
Adam Waterous, executive chair of Strathcona Resources, joins BNN Bloomberg to discuss carbon capture deal.
In a press release Wednesday evening, Strathcona announced that the project will involve building carbon capture and sequestration infrastructure on the company’s steam-assisted gravity drainage oilsands facilities across Saskatchewan and Alberta. Strathcona says it will build, own and operate all the carbon capture projects, and will retain full ownership of the associated carbon credits.
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