· 2 min read
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
Click for more news covering the latest on carbon capture & storage
