Currently, the Canadian government is paying most of the costs upfront, so while some movement is being made on the technical side, the economic side of carbon avoidance remains in its infancy. If the price for carbon goes up, however, Shell could actually make a profit on this venture.

Interesting overview of prices per tonne of carbon:

* Alberta charges 15$, contemplates charging 30$ some day
* The (broken) European carbon market is only at 10$ currently
* This new project takes 72$ to capture one tonne

06 Sep 2012 - 0:50
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