This clip makes it seem as if CCS is more about producing gas to enhance oil recovery, and not so much about trapping a dangerous byproduct of dirty electricity production.
As a result of the renegotiation though, Cenovus is not required to take 100 per cent of the CO2 output, meaning less revenue coming into SaskPower.
Marsh said Cenovus is buying “more than 50 per cent of the production, but I’m not going to give you an exact figure.”
He said specifics of the new deal won’t be disclosed, citing a confidentiality agreement.
Marsh said Boundary Dam is capturing about 2,700 to 2,800 tonnes of CO2 each day, or a little less than 90 per cent of the output of which it’s supposed to be capable.
Production has been slowed, he said, because Cenovus “does not need the full amount, so we don’t need to produce the full amount.”
Why would production of gas be slowed? Wouldn’t it depend entirely upon how much electrical demand there is, not demand for the waste carbon dioxide? After all, BD3 has been sold to the public as a means of offsetting greenhouse gas production of coal electricity. If gas is produced, just store it, right?
I hope the geniuses at SaskPower and the Sask Government calculated the lost revenue from selling less gas to Cenovus, and we’re not going to lose more than $91Million from the renegotiation. Because they won’t give us the figure roughly between 50-90%, calculation may be harder for the public to confirm they didn’t screw up again to the tune of millions.
Is the Premier still planning on selling this technology if it depends upon a hidden sale value the public can’t even see now?
UPDATE: And important update is now available to this story