IEEFA – Financial Risks of Carbon Capture and Storage in Canada: Concerns

The report by IEEFA "Financial Risks of Carbon Capture and Storage in Canada: Concerns" evaluates the economic viability of large-scale CCS projects. The Pathways Alliance's plan to capture CO2 from oil sand facilities in Alberta faces financial sustainability challenges. The report highlights that existing CCS projects like the Alberta Carbon Trunk Line and Shell's Quest facility struggle with high costs, which threaten profitability. Rising project expenses are outpacing CO2 capture volume growth, limiting revenue potential. The report warns of the financial risks and dependence on government subsidies, questioning the effectiveness of CCS as a reliable solution for emissions reduction and economic growth.