Biggest Carbon-Capture Project Is at Risk, Wood Mac Warns
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The world’s largest carbon-capture project is at risk of never being built because of uncertainty about Canadian government incentives, according to Wood Mackenzie Ltd.
The $12 billion (C$16.3 billion) first phase of Pathways Alliance’s massive development to store emissions underground “will be delayed and potentially scuppered” if Canada’s federal and provincial governments don’t figure out how to underwrite some of the financial risks involved, Peter Findlay, a Wood Mackenzie analyst, wrote in a report released Wednesday.