Shell signs historic deal with Alberta government for Atlas carbon storage project

illuminem summarizes for you the essential news of the day. Read the full piece on Carbon Herald or enjoy below:

🗞️ Driving the news: Shell has signed a historic carbon sequestration agreement with the Alberta government for the Atlas Carbon Storage Project
• This deal enables the Atlas project to permanently store captured CO2, marking a significant step in Alberta's decarbonization efforts

🔭 The context: The Atlas project, a collaboration between Shell and ATCO EnPower, is the first carbon storage hub in Alberta to move from evaluation to formal agreement
• Alberta's existing carbon capture and storage (CCUS) projects have already sequestered CO2 equivalent to removing over 2.5 million cars from the road

🌍 Why it matters for the planet: The project supports Alberta's goal of achieving net-zero emissions by 2050, providing a safe and permanent solution for CO2 storage
• It also helps diversify the energy sector through clean hydrogen development and supports a cleaner electricity grid

⏭️ What's next: The Atlas project will seek regulatory approvals from the Alberta Energy Regulator (AER) and address concerns from stakeholders
• Once operational, the hub will reduce emissions across various industries, including oil sands operations and power generation

💬 One quote: “This is a historic agreement for CCUS development in our province,” said Brian Jean, Minister of Energy and Minerals. “We’re moving as quickly as anywhere in the world to develop CCUS”

📈 One stat: Existing CCUS projects in Alberta have sequestered carbon dioxide equivalent to removing over 2.5 million cars from the road

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