Deals
Shell Gets $876 Million for Canadian Carbon Capture Project
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Royal Dutch Shell Plc will receive C$865 million ($876 million) from the governments of Alberta and Canada to fund a carbon capture and storage project.
Shell and its partners will receive the money over 15 years, based on meeting certain performance targets, according to a statement today on the Government of Alberta’s website. The province of Alberta will contribute C$745 million and Canada will provide the remainder.