By Eduard Gismatullin – Sep 5, 2012 1:19 PM GMT+0100
Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, will build the first carbon capture and storage project in Canada that locks away emissions from mining oil sands.
The company, together with partners Chevron Corp. (CVX) and Marathon Oil Corp. (MRO), received government backing to start work on the Quest venture north of Edmonton, Shell said today in a statement. It’s designed to capture and permanently store underground more than 1 million tons of carbon-dioxide a year from Shell’s Scotford upgrader, the equivalent of talking 175,000 cars off the road.
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