The contributions of industry stakeholders to CCUS are transformative, but their involvement also raises critical discussions:
Public-Private Partnerships:
Many of these projects rely heavily on public funding. For example, Quest received over $865 million from federal and provincial governments. This highlights the importance of government support in de-risking large-scale CCUS ventures.
Motivations and Transparency:
While CCUS enables compliance with regulatory frameworks, critics argue that it may prolong reliance on fossil fuels. Transparency in aligning CCUS with broader decarbonization goals is essential.
Scalability and Replication:
Industry projects like Quest and the ACTL provide valuable insights into CCUS deployment. Scaling these projects across different sectors and regions will be critical to achieving Canada’s climate objectives.