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Royal Dutch Shell Share News (RDSA)
Share News for Royal Dutch Shell (RDSA)
| Share Price: 2,108.50 | Bid: 2,108.00 | Ask: 2,109.00 | Change: -9.50 (-0.45%) |  | ||||||
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Shell's Canadian carbon-capture project approved by regulators
Wed, 11th Jul 2012 16:41
CALGARY, Alberta, July 11 (Reuters) - A Canadian
carbon-capture and storage project backed by
Plc was approved by regulators in Alberta on Wednesday,
though the company must agree to a number of conditions before
the project can proceed.
Alberta's Energy Resources Conservation Board said Shell's
Quest project, which will capture carbon dioxide from its oil
sands upgrader near Edmonton, Alberta, and inject the gas into
the ground, is in the public interest.
The board attached 32 conditions to the approval, with most
of those related to data collection, analysis and reporting.
The project could capture as much as one million tonnes of
carbon dioxide annually, which Shell says is the equivalent of
taking 175,000 cars off the road.
(Reporting by Scott Haggett)
Keywords: SHELL CO2/
(scott.haggett@thomsonreuters.com)(Twitter @scotthaggett)(+1 403 531-1622)(Reuters Messaging: scott.haggett.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
CALGARY, Alberta, July 11 (Reuters) - A Canadian
carbon-capture and storage project backed by
Royal Dutch Shell
Plc was approved by regulators in Alberta on Wednesday,
though the company must agree to a number of conditions before
the project can proceed.
Alberta's Energy Resources Conservation Board said Shell's
Quest project, which will capture carbon dioxide from its oil
sands upgrader near Edmonton, Alberta, and inject the gas into
the ground, is in the public interest.
The board attached 32 conditions to the approval, with most
of those related to data collection, analysis and reporting.
The project could capture as much as one million tonnes of
carbon dioxide annually, which Shell says is the equivalent of
taking 175,000 cars off the road.
(Reporting by Scott Haggett)
Keywords: SHELL CO2/
(scott.haggett@thomsonreuters.com)(Twitter @scotthaggett)(+1 403 531-1622)(Reuters Messaging: scott.haggett.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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