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.
Results for: Net-Zero Emissions
Several leading Indian companies, including Adani Green Energy, Sun Pharma, and Adani Energy Solutions, have pledged to achieve net-zero emissions in the coming decades. These companies recognize the urgency of addressing climate change and are committed to playing their part in reducing greenhouse gas emissions.