By Ehren Goossens and Jeremy van Loon – Jun 24, 2011 9:46 PM GMT+0100
Royal Dutch Shell Plc (RDSA) will receive C$865 million ($876 million) from the governments of Alberta and Canada to fund a carbon capture and storage project.
Shell and its partners will receive the money over 15 years, based on meeting certain performance targets, according to a statement today on the Government of Albertas website. The province of Alberta will contribute C$745 million and Canada will provide the remainder.
Shells Quest project would be the first oil-sands operation to capture the greenhouse gas for an upgrading plant, Shell said. Development of Canadas bitumen reserves has contributed most of the nations increase in carbon emissions since 1990 when output was supposed to begin to decline under the Kyoto Protocol.
This is the second of four grants finalized by the Alberta government for CCS, so the committed funds are starting to flow to developers,said Cheryl Wilson, carbon capture and storage analyst at Bloomberg New Energy Finance in Washington.
Quest is Shells main carbon capture project after its Barendrecht project near Rotterdam was canceled in November, Wilson said. The Canadian authorities pledged their support for the project in October 2009.
Alberta has committed C$2 billion to fund four carbon capture and storage projects including Quest, which it says will reduce greenhouse gas emissions by 5 million tons a year starting in 2015.
Slowing Carbon Emissions
Alberta, home to Canadas oil and gas industry, is counting on carbon capture and storage technology to help slow its output of the gas amid criticism from environmental groups and politicians in the U.S. and the European Union. Greenpeace has said the technology is too expensive to rely on for reducing carbon output on the scale needed to tackle climate change.
Shell and its competitors in the oil and gas industry are not only counting on the technology to allow them to continue exploiting fossil fuel reserves, they also expect governments to help pay for development of carbon capture and storage.
CCS is recognized as one of the most promising technologies to reduce greenhouse gas emissions from fossil fuels, said John Abbott, Shells executive vice president of Heavy Oil in todays statement. Government support in this important demonstration phase is essential.
To contact the reporters on this story: Jeremy van Loon in Calgary at [email protected] Ehren Goossens in New York at [email protected]
To contact the editor responsible for this story: Will Wade at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
