Feds & Oil Sands (Pathways Alliance) talking...BLUE HYDROGEN Canada Growth Fund Backs Carbon Capture In Oil Sands Alliance
https://www.reuters.com/sustainability/canada-proposes-back-oil-sands-giants-carbon-capture-project-globe-mail-reports-2024-10-28/ Hydrogen we know is going to be an important part of this transition. At scale, at least in the near term the most economic way to produce hydrogen is what you call a blue hydrogen, where you split natural gas into hydrogen and CO2, which is what we do in our operations in oil and gas all the time, but once you have CCS infrastructure in place, now you’ve got a home for that CO2.
Instead of it being released into the atmosphere, it gets injected and this hydrogen becomes a clean source of energy. You’ll see a whole bunch of blue hydrogen spinoffs from having CCS infrastructure in place. Direct air capture is another one that you see. Lots of excitement around that in the world and Pathways is part of that technology work stream as well. That’s where you take CO2 directly out of the atmosphere. To date, it’s not hugely economic and it needs to be scaled, but there’s a good global foundation to that technology. But again, all contingent on having somewhere for the CO2 to go. If you get the CCS infrastructure in place, you could see a whole bunch of direct air captures bringing up as associated with gas. There are a lot of reasons to be excited about CCS and we really have a bonafide card to play as a global leader.
https://thehub.ca/podcasts/future-proofing-the-energy-industry-pathways-alliance-president-kendall-dilling-on-getting-canadas-oil-sands-sector-to-net-zero/