A carbon capture and storage facility in Fort Saskatchewan, Alta., in a file photo. The Canadian Press/Jason Franson
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Commentary
The term “decarbonized oil” is popping up more and more in discussions of Canada’s energy politics. The concept refers to capturing and storing carbon dioxide (CO₂) generated during oil production and processing, thereby reducing greenhouse gas emissions, in order to support the continued strength of the oil and natural gas sector, Canada’s number one export earner and crucial to the economies of Alberta and Saskatchewan.
Ron Wallace is an expert in regulatory policies associated with environmental assessment and monitoring. He has served on numerous regulatory boards dealing with energy and environmental issues, in addition to extensive experience in the private sector. He is a former member of the National Energy Board.
