Carbon Capture & MacroHi folks,
News out from two of Macro's customers TC Energy and Pembina that would create a significant carbon capture system in Alberta. Hats off to them for their foresight and this is probably just the beginning.
See news release here >>> https://www.globenewswire.com/news-release/2021/06/17/2248857/0/en/Pembina-and-TC-Energy-Partner-to-Create-World-Scale-Carbon-Transportation-and-Sequestration-Solution-The-Alberta-Carbon-Grid.html
This is something that Macro may benefit from as it will result in more new pipeline infrastructure and more MSA work.
My hope is that the naysayers of the Oil & Gas Industry will see that pipelines can be a very effective way to combat carbon emissions. It is interesting to think that the technology & infrastructure that has been used to extract oil & gas (and shamed by the Federal Government) will likely now be the same technology & infrastructure that will help Canada meet its emission targets.
I don't profess to understand the economics of how carbon capture works without government intervention but ultimatley this seems like a proactive step for Canada within the international community and potentially starts to move the ESG movement away from the continuous villainazation of the industry.
I hope that Macro is advancing its competencies to support both carbon capture and hydrogen infrastructure within its pipeline and facility construction business.
Best of luck,
LR