Plan for major reduction of Canadian CO(2) emissions outlined in industry report



    Potential reductions equivalent to removing four million cars from the
    road annually

    CALGARY, Dec. 3 /CNW/ - A new industry report released today details the
measures necessary to implement a large-scale carbon capture and storage (CCS)
system in Canada. The proposed system is this country's single largest
greenhouse gas reduction opportunity, with the potential to reduce carbon
dioxide (CO(2)) emissions by 20 million tonnes annually, the equivalent of
removing four million cars from the road.
    The report, Carbon Capture and Storage: A Canadian Environmental
Superpower Opportunity, was prepared by the ICO(2)N group of companies,
representing a cross-section of leading Canadian industrial companies
committed to helping Canada meet its climate change objectives while
supporting economic growth.
    The proposed Integrated CO(2) Network (ICO(2)N) targets large sources of
industrial CO(2) emissions in Alberta including coal-fired electrical
generation and energy production. It takes advantage of the close proximity of
these large emitters to secure geological formations.
    The approach outlined in the ICO(2)N report allows Canada to address the
global climate change challenge while continuing to use its extensive coal
reserves for power generation, and permits continued growth in petroleum based
energy production with lower CO(2) intensity.
    The network would move CO(2) captured from multiple sites via pipeline,
both to buyers who will inject it into mature oil fields to increase resource
productivity - a process called enhanced oil recovery - and for permanent
storage in depleted oil and gas reservoirs.
    The ICO(2)N report puts CCS in a Canadian context while outlining the
benefits of this transformative technology. It also details the economics of
CCS in Canada, and discusses the public policy framework necessary to move the
large-scale implementation of CCS forward.
    "The growing public awareness of the climate change challenge is
translating into a strong desire for more information on solutions and
technologies like CCS," says Stephen Kaufman, Chair of the ICO(2)N Steering
Committee.
    "This report is designed to create greater public awareness of CCS and
the significant role we believe it should play as part of Canada's climate
change response."

    Copies of the report and supporting materials are available online at
www.ico2n.com/media. For interviews with ICO(2)N Steering Committee Chair
Stephen Kaufman, please contact Alan Roth at Communica Public Affairs in
Calgary at (403) 263-6830 ext 221. Mr. Kaufman will be available for
interviews and media commentary Monday December 3 and Tuesday December 4.

    The ICO(2)N Group of Companies:

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





For further information:

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

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COMMUNICA PUBLIC AFFAIRS INC.

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