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Carbon capture: Investment pays off in the field of CCS

Source: 
Financial Times
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Canada’s supremacy in the fields of ice hockey and maple syrup is well established. But in the more obscure world of climate change policy, the country is fast earning itself a reputation in an even more important industry: carbon capture and storage, or CCS. “Canada is a leader in CCS – there is no doubt about that,” says Brad Page, chief executive of the Global CCS Institute, the Australia-based environmental organisation. The reason is not just that Canada has committed more than $2bn to carbon capture projects, or that those developments account for more than 10 per cent of the 75 leading CCS developments on the drawing board worldwide. It is because analysts also think three of Canada’s projects are among the top six CCS developments forecast to become operational over the next five years. And one, at Boundary Dam in Saskatchewan, also promises to be the world’s first commercial-scale coal-fired power station to be fitted with CCS, assuming it begins operating in early 2014 as planned. That will be a big step in the troubled efforts of governments and industry to curb the carbon dioxide emissions that scientists warn are warming the planet to potentially dangerous levels.