Alberta Cancels Funds for Swan Hills Carbon-Capture Project
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Alberta and Swan Hills Synfuels LP canceled plans to develop a carbon-capture and storage project, the second CCS initiative to be scuttled in the Canadian province in less than a year.
The provincial government won’t provide the C$285 million ($278 million) in financing it had previously committed to closely-held Swan Hills Synfuels, they said in a joint statement today.