TransAlta Wins Support for Carbon-Capture Project
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TransAlta Corp ., Canada’s largest investor-owned power producer, won a pledge from the Alberta and Canadian governments to support a carbon-capture project. Alberta has signed a letter of intent with Calgary-based TransAlta to invest C$431 million ($420 million) over 15 years to capture carbon dioxide at the company’s Keephills 3 coal- fired power plant west of Edmonton, the province said in an e- mailed statement today. The carbon dioxide will be used for enhanced oil recovery in fields nearby or stored underground.
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Thursday 15 October, 2009 11:22 PM |