RE:RE:RE:RE:RE:RE:RE:RE:geezHey, all I'm trying to say is that Suncor is smart to be in the carbon capture business. You can invest in tree planting businesses if you want but the fact is, earth doesn't have enough land for all the trees we would need to sequester enough CO2. They've already done the studies on that. Especially when you factor in population growth, farming etc. The $50 cost per tonne for CCUS you mentioned is also based on 1st gen tech, too. Suncor knows that CCUS is important to its own future and as investors we should be glad of that. It's better than then having their head in the sand.
Oldnagger wrote: Actually just after posting I went to,watch CNBC . They were interviewing the CEO of a company called New Forests. He is gaining a lot of attention from companies looking for carbon offsets. He mentioned something interesting, not only do they want to plant trees , but they also want to develop means for wood to replace cement , steel and other energy intensive materials
As I said in an earlier post , many of these ideas should have been developed to commercial and ecological viability by now. Unfortunately they have not and I think it unwise for large companies to devote substantial Capex until they are fully backstopped with workable plans, particularly if their business plan is fully reliant on Government funding which could easily change long before paybacks are achieved.
As an investor, investing in costly.technologies which carry a high level of uncertainty and modest returns is not where I want to be !!