Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore.... see more

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TSX:CVE - Post Discussion

Cenovus Energy Inc > CO2 capture... another Canadian failure

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Post by autofocus111 on Mar 05, 2024 9:40pm

CO2 capture... another Canadian failure

Government can't seem to get anything off the ground any more. This sure ain't the country I grew up in. Heck, I'd take Brian Mulroney over the current bunch of clowns any day of the week, and I was never a Conservative voter.

>>>Cenovus Energy Inc. blasted the Canadian government for not providing enough financial support for the oil-sands industry’s proposed $16.5 billion (US$12.2 billion) carbon capture system. “The government-funding partnerships in Canada are not enough for large-scale CCS to proceed in the oil sands,” Rhona DelFrari, Cenovus’s chief sustainability officer, said in an investor day presentation, citing a study by Bank of Montreal. “Canada is employing a complex, multi-layered and evolving stick-based approach with some carrots thrown in. Our closest neighbor to the south is using a straightforward carrot approach that’s far more attractive for CCS projects.”

https://www.bnnbloomberg.ca/cenovus-blasts-canadian-government-for-lack-of-support-for-carbon-capture-1.2042924

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