Capital Power Abandons Carbon Capture Project Due to Economic Uncertainty and Technological Risks

Capital Power’s decision to halt its Genesee carbon capture project highlights the financial and technological challenges facing such initiatives. The $2.4-billion project aimed to reduce carbon emissions, but uncertainty over carbon credit value and the fate of carbon pricing, along with the risks and costs associated with using the technology in a gas plant, contributed to the decision. While other carbon capture proposals may continue, analysts believe the risks are lower in industries with more established technologies.

Scroll to Top