RE:Fed Gov CSS project progress hope- it is ALL SMOKE and MIRRORS until the FEDERAL GOVERNMENT PUTS UP BILLIONS in either GRANTS, SUBSIDIES and/or TAX BREAKS
- the Government of Alberta has ALREADY THROWN the 12% CAPITAL CREDIT into the POT
- CVE Chair Alex Pourbaix has ALREADY STATED in the past that the oil producers WANT governments {Canada + Alberta) to PICK UP 75% of the TAB as the CCS COST STRUCTURE is SIMPLY INCONSITENT with PROFITABILITY and EXISTING ROYALTY STRUCTURE
- they NEED to ORDER the CO2 STEEL PIPES within the NEXT SIX MONTHS IF they REQUIRE the CCS Project to START OPERATING by 2030
- the 400 KM. carbon dioxide pipeline REPRESENTS about 10% of the CAPITAL COST of the ENTIRE project as it is PRESENTLY CONCEIVED
- ex-CEO of MEG Derek Evans {he spent a CONSIDERABLE amount of time STUDYING both the TECHNOLOGY and FINANCING of CCS at MEG Energy} said that a GUARANTEED MINIMUM CARBON PRICE was the MOST EFFICIENT and BEST METHOD to LOWER CARBON EMISSIONS instead of the MISH MASH of grants, subsidies and tax breaks
* you MEASURE the REFERENCE POINT carbon emissions
* you BUILD and OPERATE the CCS system
* you REMEASURE the carbon emissions
- those that are SUCCESSFUL (with CCS) at LOWERING carbon emissions will PAY a MUCH LOWER CARBON TAX to the governments DRIVING BOTH INNOVATION and INVESTMENT
- THOSE that have HIGHER CO2 REDUCTION COSTS {outside the Pathways Alliance} will BUY the CARBON TAX CREDITS TO LEVEL the PLAYING FIELD
- this WAY, CARBON EMISSIONS are LOWERED at the LOWEST MARGINAL COST [the INVISBLE HAND ANALOGY}
- in this SCENARIO, those with the LOWEST STEAM TO OIL (SOR) ratios [like CVE and MEG] will have the COMPETITIVE ADVANTAGE like they ALREADY DO with their ENERGY COSTS {natural gas FEEDING the co-generation plants}
- with MINIMUM carbon TAXING, the PETROLEUM INDUSTRY is NOT TARGETED and DISCRIMINATED AGAINST other SECTORS of the economy {the COMMUNIST Liberals DON'T LIKE this AT ALL as they WANT to SPECIFICALLY PUNISH and SHRINK the VERY PRODUCTIVE oil and gas industry in Canada}
- they are INSANE, they WANT DIRECT TO AIR CAPTURE to have a HUGE TAX ADVANTAGE over CCS
z173