Alberta's Ccs Projects Will Reduce Emissions By 2.8 Tonnes Annually

...but they won't receive the bulk of their funding until they hit performance targets, Alberta's Energy Minister, Ken Hughes, said the other day.  There is $2.1 billion in grant money available to the two companies, whose projects will have the effect of taking 550,000 vehicles off the road annually.  "As we have seen there were two projects of the four that for their own idiosyncratic reasons did not proceed and not one penny of government funds went to either one of those projects," the Minister told the public accounts committee.  The projects will begin storing carbon dioxide at a rate of 1.5 million tonnes a year in 2015, but will ramp up to 2.76 million tonnes by 2016 and hit three million tonnes by 2020, Hughes said.