QST and Audrey mentioned in the FP “To pick some of the most complicated, most expensive things and try to incentivize them to happen is probably not the smartest thing from an economy/rate-of-return/business perspective, especially when we’re in an economy where we’ve got a large deficit,” said Audrey Mascarenhas, president and CEO of Questor Technology Inc. She said between the $1.5-billion Boundary Dam CCS project in Saskatchewan and the $1.35-billion Quest CCS project in Alberta, the country captures and sequesters about two million tonnes of CO2 per year.
By contrast, Mascarenhas said, smaller-scale projects on methane abatement can reduce emissions at a lower cost and also have a bigger impact because methane is a more potent greenhouse gas than CO2. Questor just completed a project in Mexico for $8.5 million to reduce GHG emissions by 450,000 tonnes per year.
Article content
“You have to do the easy stuff first, that gets you 80 per cent of the way,” Mascarenhas said, adding those were “low hanging fruit,” particularly in the face of large budget deficits.
Link to article