Capital Power Abandons Carbon Capture Project at Genesee Plant

Capital Power Corp., an Edmonton-based energy company, has announced the termination of its $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. The decision was made after evaluating the project’s technical viability and economic feasibility, with the company determining that the project was not financially viable at this time. Capital Power remains committed to its goal of achieving net-zero greenhouse gas emissions by 2045 and may explore carbon capture and storage options in the future if economic conditions improve.

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