Capital Power pulls plug on proposed $2.4B carbon capture and storage project

Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. The company says it has decided the project is technically viable but not economically feasible. Capital Power says it may explore carbon capture and storage again in the future as economics improve. The company has set the goal of achieving net-zero greenhouse gas emissions by 2045.Get the latest Edmonton updates right to you