BHP Saskatchewan plans to invest millions of dollars into Saskatchewan Power, a Canadian power company, that will set up a research centre to cut the cost of new carbon capture and storage (CCS) technologies. Saskatchewan Power unveiled its first large scale CCS project last year at a coal-fired Boundary Dam plant, which will capture up to 90% of carbon emissions. The future of CCS technology is important for the fossil fuel industry as heavy regulation is causing closures of plants and a decrease in investment for new projects.
BHP Billiton plans to invest millions of dollars into Saskatchewan Power, a Canadian power company, that will set up a research centre to cut the cost of new carbon capture and storage (CCS) technologies. Saskatchewan Power unveiled its first large scale CCS project last year at a coal-fired Boundary Dam plant, which will capture up to 90% of carbon emissions. The future of CCS technology is important for the fossil fuel industry as heavy regulation is causing closures of plants and a decrease in investment for new projects.