Independent study confirms Carbon Capture and Storage as one of Canada's top carbon dioxide reduction opportunities



    CALGARY, March 11 /CNW/ - An independent study recently completed by The
Delphi Group ranks carbon capture and storage (CCS) as one of Canada's most
significant carbon dioxide reduction opportunities. The study also ranks the
costs of CCS as competitive with renewable energy and other options. This
analysis was done on a cost per tonne of carbon dioxide (CO(2)) reduced.
    The exhaustive study, Assessment of GHG Emission Reduction Alternatives
in a Canadian Context, was commissioned by the Integrated CO(2) Network
(ICO(2)N). It reviews the potential supply, timing and cost of carbon dioxide
reductions from a variety of alternatives out to the year 2020.
    The study concludes that by 2020 replacing coal followed by carbon
capture and storage (CCS), with vehicle fuel efficiency improvements a close
third, will present the most significant opportunities for volume of CO(2)
emission reductions. This conclusion supports earlier work completed by the
National Roundtable on the Environment and the Economy which identified CCS as
the nation's largest single CO(2) reduction opportunity.
    The Delphi Group president Mike Gerbis says: "This comparative analysis
of volume and cost results for CO(2) emission reduction alternatives is one of
the first of its kind in Canada. We believe it is a valuable contribution to
the ongoing discussion of how Canada can best meet the climate change
challenge."
    Adds ICO(2)N Steering Committee Chair Stephen Kaufman: "The study
supports ICO(2)N's position that Carbon Capture and Storage represents the
most significant and cost effective approach to realizing major CO(2)
reductions in the near to mid-term."
    Alternatives also evaluated by the study include biofuels, wind power,
photovoltaic power, small hydro power, landfill gas collection, agricultural
sinks (no till farming), and reforestation.
    The list of alternatives evaluated by the study was intended to sample
commonly considered actions across a variety of sectors, not to represent the
full range of GHG reduction alternatives available in Canada. Though
significant emission reduction potential is expected, energy efficiency was
not included in the report due to analytical complexities.
    By 2020, the potential total reduction from all of these alternatives
combined is just over 100 megatonnes of CO(2) (and equivalents) per year. The
projected reduction from CCS alone is 20 megatonnes of CO(2) per year.
    The majority of emission reduction alternatives evaluated in the study
have significant net costs associated with them on a per tonne of CO(2)
emission reduction basis, generally excluding any considering of subsidies or
incentives that may currently be available.
    Of the major emission reduction alternatives identified (on a supply
basis) CCS -- combined with a market for CO(2) for use in enhanced oil
recovery activities -- offers one of the lowest cost per tonne of emission
reduction. CCS without enhanced oil recovery is more expensive, but on par
with small hydro, bioethanol and wind power.
    However, the study's authors do conclude that if emission reductions are
to be realized net costs will have to be addressed through various measures,
including increased consumer costs, government incentives and technological
improvements.
    Copies of the study are available on the ICO(2)N and Delphi websites:
www.ico2n.com and www.delphi.ca. Further background information on CCS and
ICO(2)N is also available on the ICO(2)N website.
    To arrange interviews with ICO(2)N Steering Committee Chair Stephen
Kaufman, or Stephan Wehr, Director, Greenhouse Gas Management Services, for
The Delphi Group please contact Alan Roth at Communica Public Affairs in
Calgary at (403) 263-6830 ext. 221.

    The Delphi Group

    The Delphi Group is an Ottawa-based consulting firm helping organizations
and companies navigate the complex areas of corporate sustainability and
greenhouse gas/clean air management. For over two decades, The Delphi Group
has consistently proven that environmentally and socially responsible business
practices can be financially viable, enhancing a company's long term
operational strength, competitiveness and profits.

    Integrated CO(2) Network (ICO(2)N)

    ICO(2)N is a proposed system for the large-scale capture, transport and
storage of CO(2) in Canada. The companies participating in the ICO(2)N
initiative represent a cross-section of Canadian industry committed to helping
Canada meet its climate change objectives while supporting economic growth.
ICO(2)N participating companies include:

    
    -  Agrium Inc.                      -  Nexen Inc.
    -  Air Products Canada Inc.         -  Opti Canada Inc.
    -  Canadian Natural Resources Ltd.  -  Shell Canada Ltd.
    -  Chevron Canada Ltd.              -  Sherritt International Corporation
    -  ConocoPhillips Company           -  StatoilHydro Canada Ltd.
    -  EPCOR                            -  Suncor Energy Inc.
    -  Husky Energy Inc.                -  Syncrude Canada Ltd.
    -  Imperial Oil Ltd.                -  Total E&P Canada Ltd.
    -  Keyera                           -  TransAlta Corporation
    




For further information:

For further information: Media Contact: Alan Roth, Communica Public
Affairs, (403) 263-6830 ext. 221

Organization Profile

THE DELPHI GROUP

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INTEGRATED CO(2) NETWORK (ICO(2)N)

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