Oil companies abandon Alberta carbon capture

Several big oil producers have pulled out of Alberta's $2-billion carbon capture and storage plan.

"It seems like even the oil industry is starting to admit what Greenpeace has been saying all along: carbon capture and storage is expensive and unproven," says Mike Hudema from Greenpeace.

The province confirms that eight companies have abandoned their carbon capture plans including, Suncor, Syncrude and Petro-Canada.

The province set up a $2-billion fund which companies could apply to access.

More from here