Canada proposes to back oil-sands giants' carbon-capture project, The Globe and Mail reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Should l Buy ?
Source: Reuters
Canada Growth Fund Proposal: The Canada Growth Fund has proposed funding for a C$16 billion carbon capture investment by Pathways Alliance, which includes major oil sands producers, although negotiations are ongoing and a final deal may take months.
Environmental Concerns: The carbon capture project aims to reduce emissions from oil sands but faces criticism from environmentalists regarding its slow progress and reliance on government financial support.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
