Friday, July 24, 2009

Carbon capture to cost Billions:Alberta Report

The present plan is for carbon to be collected at 3 sites, one of which is electrical generation. Once collected it is shipped down a pipeline (still to be built) into the mature oil field in the center of Alberta.

When injected there it will be used as a solvent to extract more oil from the strata. When this new oil comes to the surface it does so saturated with new carbon dioxide and is propelled to the surface by carbon dioxide which is released again into the atmosphere.

The present plan for this is for the taxpayer to pay for the construction of the new plants through user fees and through advanced electrical rates. On electrical rates we are presently paying the highest rates in North America.

Other funding will come from still further reduced royalty rates. Presently at 19% Canadian they are the lowest in the world already. BC and Saskatchewan are collecting 30% US dollars.

At the time of this edit, royalty in Alberta has dropped to zero!  The biggest resource rip off in the history of the modern world!
 

There will be no relief from this Government! Nor will there be any relief from the Wild Rose Association who by definition are more extreme than the present Conservatives and that is hard to take!

Time to wake up Alberta! I for one have had enough of Conservative and, I really cannot afford any more.
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