TSX:SCR - Post Discussion
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Betteryear2 on Jul 10, 2024 5:51pm
Canada Growth Fund Announces up to $2 billion Carbon Capture
CALGARY, AB, July 10, 2024 /CNW/ - Canada Growth Fund Inc. ("CGF") is pleased to announce a strategic partnership (the "SAGD CCS Partnership") with Strathcona Resources Ltd. ("Strathcona") (TSX: SCR), to build carbon capture and sequestration ("CCS") infrastructure on Strathcona's steam-assisted gravity drainage ("SAGD") oil sands facilities across Saskatchewan and Alberta. Through the SAGD CCS Partnership, Strathcona will seek to capture and permanently store up to two million tonnes of carbon dioxide ("CO2") annually, with CGF and Strathcona each contributing up to $1.0 billion in project funding. Canada Growth Fund Announces up to $2 billion Carbon Capture and Sequestration Partnership with Strathcona Resources (newswire.ca)
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