Calgary, AB – The federal government has announced two new funds devoted to supporting research in the area of clean energy.
One is a a $125-million fund to advance carbon capture and storage technologies that will reduce greenhouse gas emissions from the oil sands and coal-fired electricity plants. The other is a $15-million fund to advance the development of technologies that will reduce the environmental impacts of oil sands production, such as tailings ponds.
“This federal support will enable us to advance carbon capture and storage (CCS) solutions that help Alberta and Canada reduce greenhouse gas emissions,” said Dr David Keith, University of Calgary’s Canada research chair in energy and the environment. “Implementing CCS is one of the best options we have for achieving large cuts in emissions within reasonable costs and timeframes.”
The $5-million commitment in Budget 2008 is intended to ensure the Institute for Sustainable Energy, Environment and Economy can collaborate with stakeholders on outstanding regulatory, economic and technological issues in response to the CanadaAlberta ecoENERGY Carbon Capture and Storage Task Force Report.
For more information on the two calls for proposals is available at www.ecoaction.gc.ca.