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Canada: Alberta pulls funding from carbon-capture project

2013-02-25 21:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The Alberta government said on Monday it canceled C$285 million ($278 million) in funding for a carbon-capture project tied to a proposed synthetic natural gas plant, the second withdrawal of such an environmental initiative in less than a year. Alberta said the privately held company planning the project, Swan Hills Synfuels, has delayed it because lower-than-expected North American gas prices have made producing coal-to-gas fuel uneconomical. The cancellation comes at a tricky time for the...

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