CALGARY — The CEO of one of the oilsands companies behind the Pathways Alliance says the group expects to provide a significant update on its proposed $16.5-billion carbon capture and storage project within the next couple of months.
The proposed project would sequester up to 10 to 12 million tonnes of harmful carbon emissions annually from the oilsands, an industry which currently accounts for about 12 per cent of Canada's overall emissions. In addition, Pathways recently started formal consultations with 24 Indigenous and Métis groups whose traditional territories are located in close proximity to the proposed project."I worry sometimes that because we haven't hit milestones, or we're not moving as fast as people think we should be moving, that they think there's nothing going on with this project," Evans said.
MEG reported third-quarter earnings on Monday after the close of markets. The company said it earned $249 million in the third quarter, up from $156 million a year earlier. ‘The goose lays more golden eggs every year’: Warren Buffett explains why capitalism isn’t working for young people today — and the simple way he’d solve it
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