TRANSALTA ANNOUNCES PLANS TO ABANDON PROJECT PIONEER

摘要

The electricity generator TransAlta Corp. announced late this week that it is abandoning plans to move forward on its $1.4 billion Project Pioneer carbon capture and storage demonstration project originally set for a site 45 miles west Alberta. Nestled towards the bottom of a first-quarter company earnings report, the announcement says TransAlta decided with project partners Capital Power and Enbridge to pull the plug on the post-combustion retrofit project, which had garnered more than $779 million in federal and provincial grants in recent years. TransAlta said it could not secure buyers for the project's captured CO_2-typically used in for enhanced oil recovery operations-and that the price of emissions reductions were "insufficient to allow the project to proceed at this time."