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Shell sold millions of carbon credits for carbon that was never captured, report finds (www.cbc.ca)

submitted 6 months ago by girlfreddy@lemmy.ca to c/canada@lemmy.ca

55 comments fedilink hide all child comments

Shell sold millions of carbon credits for reductions in greenhouse gas emissions that never happened, allowing the company to turn a profit on its fledgling carbon capture and storage project, according to a new report by Greenpeace Canada.

Under an agreement with the Alberta government, Shell was awarded two tonnes' worth of emissions reduction credits for each tonne of carbon it actually captured and stored underground at its Quest plant, near Edmonton.

This took place between 2015 and 2021 through a subsidy program for carbon, capture, utilisation and storage projects (CCUS), which are championed by the oil and gas sector as a way to cut its greenhouse gas emissions.

At the time, Quest was the only operational CCUS facility in Alberta. The subsidy program ended in 2022.

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[–] barsoap@lemm.ee 1 points 6 months ago

The ONLY reason we don’t have LFTR reactors is because at the time the US

Because no other country would be interested in the tech, or capable of building it. "Muh US nukes killed thorium" is a completely America-brained take.

Germany researched Thorium (pebble bed, in particular), never bothered with molten salt because it was seen as not feasible. Japan dabbled with molten salt, projects failed due to lack of funding. Neither countries have any interest in building nukes. The Chinese currently are trying, which is because the Chinese are currently trying everything. The government throwing money at the issue doesn't in any way imply commercial viability, push come to shove they'd do it for the published papers alone.

Debbie Downer

I'm sorry for using reality to accost your religious beliefs but they happen to be dumb.