MEG Energy CEO says carbon-capture project moving ahead as fast as possible – Financial Post

Published on November 11, 2022 |

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Despite the challenges of a widening oil price discount

MEG Energy’s Christina Lake oilsands facility near Fort McMurray, Alberta. Photo by MEG Energy Article content

MEG Energy Corp. chief executive Derek Evans said the consortium of oilsands companies proposing to build a $16.5-billion carbon capture and storage network in northern Alberta is moving forward “as quickly as we can” on the megaproject.

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During a conference call with investors Thursday, Evans pointed to announcements made by Ottawa in the fall economic update and praised the federal government for pursuing green technology incentives aimed at levelling the playing field with jurisdictions such as the U.S. — specifically through a proposed Canada Growth Fund which Evans said could provide more certainty to investors in major carbon-capture projects.

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MEG Energy CEO says carbon-capture project moving ahead as fast as possible – Financial Post

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