The rhetoric of our current government does not represent the majority of our population.
Carbon tax won’t make it, natural gas production is a provincial matter and the federal government can pound sand, and carbon capture is actually a relatively cheap and easy way to make targets, and is supported by the oil and gas industry. It’s one of the main reason Buffet is buying up so much OXY stock.
You’re good up until you get to carbon capture … that’s a big ‘no go’. Most oil companies are cool supporting it because it will quickly reveal the cost to governments and the people won’t have it. Go do some more research and apply the academic conclusions to the real world. Economics don’t work out…
for example, $85 45Q in the US means that 1 MTA/yr emissions would cost $85M to the taxpayers (or money printers). Those numbers don’t include the capital cost of adding a facility, which is $100sM USD.
1MTA represents the less than the emissions from one large industrial facility.
The scale of the numbers becomes staggering, quickly.
Costs to governments?
They are not investing billions of dollars into this technology just to prove it’s too expensive.
