PM says Canada can be carbon capture world leader; announces clean coal project

Prime Minister Stephen Harper says carbon capture and storage will define the future of Canada’s energy industry.

Prime Minister Stephen Harper

Prime Minister Stephen Harper

WABAMUN, Alta. — Prime Minister Stephen Harper says carbon capture and storage will define the future of Canada’s energy industry.

He says that’s why Ottawa is investing $343 million in a coal-fired electricity generation plant in Alberta.

The plan is for the plant to use leading-edge technology to capture and store underground up to one million tonnes of carbon dioxide a year.

The money is coming out of the federal government’s $1-billion clean energy fund.

The Alberta government is also throwing a total of $436 million into the TransAlta Corp. (TSX:TA) plant at Wabamun west of Edmonton.

Harper was in Wabamun to make the announcement and is to meet with business leaders in Edmonton later in the day.