Lower Crude Oil Prices Threaten Clean Coal Projects

摘要

Low crude oil prices jeopardize the go ahead for two clean coal power plants, one planned for Saskatchewan and the other for Alberta, says the head of an organization which promotes clean coal technologies.rnBob Stobbs, executive director of the Regina-based Canadian Clean Power Coalition (CCPC), says statements made by the chief executive of a Calgary-based oil and gas trust that low prices mean his company may no longer be interested in buying carbon dioxide (CO2) from the plants are likely to be echoed by other oil company executives.rn"Selling CO2 is a revenue stream for whatever (clean coal) process you use and I'm sure it (low oil prices) will make (oil) companies really think about it (about the economics of using CO2 for enhanced oil recovery)," said Stobbs.