EDMONTON - The Alberta and federal governments have announced more than $850 million in funding for a carbon capture and storage project near Edmonton.
The money will be spent over 15 years at the Shell Quest project, jointly owned by Shell Canada, Chevron Canada and Marathon Oil Sands.
The money will pay for the development of technology that could eventually capture more than one megatonne of carbon dioxide from Shell's Scotford upgrader.
Alberta has pledged to spend $2 billion on carbon capture and storage projects, so more than half the money has yet to be allocated.
Carbon capture and storage is seen by some as the best way to reduce industrial emissions.
But critics say it won't be enough on its own for Canada to meet its emission reduction goals.