Key Companies and Their CCUS Initiatives

Shell Canada

Suncor Energy

Canadian Natural Resources Limited (CNRL)

Broader Implications of Industry Involvement

The contributions of industry stakeholders to CCUS are transformative, but their involvement also raises critical discussions:

  1. 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.

  2. 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.

  3. 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.