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10. Who is ICO 2 N? ICO 2 N is the Integrated CO 2 Network, a network of Canadian companies committed to the deployment of Carbon Capture and Storage in Canada to help meet climate change objectives while supporting economic growth. 12 leading companies from a variety of industries:
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Who is ICO2N? ICO2N is the Integrated CO2 Network, a network of Canadian companies committed to the deployment of Carbon Capture and Storage in Canada to help meet climate change objectives while supporting economic growth. 12 leading companies from a variety of industries: Air Products BP Canada Canadian Natural Resources Ltd. ConocoPhillips Enbridge Husky Energy Shell Statoil Suncor Energy Syncrude Total TransAlta
What is CCS? Carbon Capture and Storage (CCS) is the process whereby CO2 emissions are captured from large industrial facilities before being emitted to the atmosphere, transported through pipelines, and permanently stored in deep, secure underground formations.
EJ per year 800 600 Sub-Saharan Africa North America Middle East & N Africa 400 Latin America Europe 200 Asia & Oceania - Developing Asia & Oceania - Developed 0 2000 2005 2010 2015 2020 2025 2030 2035 Shell estimates Growing Global Energy Demand Estimated 50% Increase in energy demand by 2030
Canada’s CO2 Reduction Target Absolute reduction of 17% below 2005 emissions
Canada’s 2005 Emissions 747 million tonnes of CO2 25.3% above 1990 total of 596Mt 32.7% above the Kyoto target Emissions associated with oil and gas exports to US were 73 Mt
Reaching Our Target 17% equals 127 million tonnes of CO2 (and that’s with no growth!)