Canada proposes to back oil-sands giants' carbon-capture project, The Globe and Mail reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
0mins
Source: Reuters
Canada Growth Fund Proposal: The Canada Growth Fund has proposed funding for a C$16 billion carbon capture investment by Pathways Alliance, which includes major oil sands producers, although negotiations are ongoing and a final deal may take months.
Environmental Concerns: The carbon capture project aims to reduce emissions from oil sands but faces criticism from environmentalists regarding its slow progress and reliance on government financial support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
