The Canada Growth Fund, a federal clean-tech financing agency, on Tuesday signed its second deal to backstop carbon prices with a proposed Alberta facility...
- The Canada Growth Fund, a federal clean-tech financing agency, on Tuesday signed its second deal to backstop carbon price s with a proposed Alberta facility that would convert landfill waste to electricity and sequester the resulting carbon emissions .The proposed waste-to-energy facility, located near Edmonton and the first of its kind in Canada , would be a partnership between Calgary-based Gibson Energy, the CGF and Varme Energy Inc.
Carbon credit offtake agreements guarantee the price companies receive for sequestered carbon, which they say helps them reduce the risk of investing in new projects. The energy sector has been waiting on the federal government to announce more carbon credit offtake agreements after it signed an initial deal with Calgary-based Entropy in December."Integrated waste-to-energy and Carbon Capture and Storage has significant potential to be replicated in municipalities across Canada and to put Canada in a position to export this expertise globally," the project's partners said in a news release.“The speed and power is mind-blowing.
Carbon Capture And Storage Carbon Price Carbon Emissions Carbon Credit CGF Landfill Waste Varme Energy Inc.
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