Post #3792567

Canada should wait until carbon capture proves it can work before any subsidies. SK’s Boundary Dam capture cost $1B and still only captures only 57% carbon emissions “Large-scale public investment in CCS is misguided. The technology has struggled to achieve meaningful emissions reductions or prove its long-term viability. The lack of demonstrated success and heightened financial risks indicate public investments are unlikely to yield the desired environmental or economic benefits.. IEEFA has documented that performance challenges are common at carbon capture facilities across the globe.. For the Pathways hub, the complexity of managing emissions from 13 different capture sites introduces variability in capture rates and makes the project especially vulnerable” https://ieefa.org/sites/default/files/2025-01/Financial%20Risks%20of%20Carbon%20Capture%20and%20Storage%20in%20Canada_December%202024.pdf https://ieefa.org/resources/carbon-capture-boundary-dam-3-still-underperforming-failure