As part of its
plan to expand oil production
from the northern Alberta tar sands, Shell Canada wants to capture and sequester carbon dioxide
from the facilities. Unfortunately, in spite of the high oil prices and associated profits which are prompting the expansion in the first place, Shell still wants some tax breaks to help pay for the sequestration program. CEO Clive Mather says the carbon capture program, would allow for expanding the oil production without increasing greenhouse gas emissions. So far the government has declined to provide any incentives, and Mather says they are missing a golden opportunity to become leaders in carbon storage. The question is why isn't Shell picking up this golden opportunity themselves, to demonstrate what good corporate citizens they can be?
[Source: Globe and Mail]