IPAC-CO2 Welcomes New Federal Regulations

August 19, 2011

REGINA, Aug. 19, 2011 /PRNewswire/ – Carmen Dybwad, CEO of IPAC-CO2 Research
Inc., welcomed today’s announcement that the Government of Canada is
moving forward with regulations for the coal-fired electricity sector.

IPAC-CO2 works to gain public and regulator confidence in the geological
storage of carbon dioxide as a sustainable energy and environmental
option by providing independent performance assessments of carbon
capture and storage (CCS) projects.

“This is great news for the Carbon Capture and Storage (CCS) industry
because it eliminates regulatory uncertainty in Canada,” she said after
Environment Minister Peter Kent made the announcement at the Shand
power plant near Estevan, Sask.

“We can now all roll up our sleeves and continue to work together to
dramatically reduce greenhouse gas emissions.”

Minister Kent said the proposed regulations will apply a stringent
performance standard to new coal-fired electricity generation units and
those coal-fired units that have reached the end of their economic

“This will help reduce greenhouse gas emissions and improve air quality
for all Canadians for generations to come,” he said.

“We are taking action in the electricity sector because we recognize the
potential for significant emissions reductions. We are committed to
build on our strength in the electricity sector and to lead the world
in clean electricity generation.”

The new Canadian standard will be based on parity with the emissions
performance of high-efficiency natural gas generation. The standard
will promote the replacement of coal-fired units that are reaching the
end of their economic life, and will encourage investment in cleaner
generation technologies, such as high efficiency natural gas generation
and renewable energy, as well as the use of carbon capture and storage.

“We support all methods of tackling climate change,” Dydwad said.
“However, we believe the only sure bet is to permanently remove carbon
dioxide from the game by storing it deep underground. That’s why we
exist: to ensure it’s safe to do so.” 

“We agree with the Canadian environment minister’s conclusion that the
new regulations will ensure Canada remains a world leader in clean
electricity generation,” she said.

IPAC-CO2 was established in 2009 as not-for-profit organization to meet
the needs of industry, regulators, and the public.

CCS has been identified by the UN Intergovernmental Panel on Climate
Change as one of the most promising near term technologies for the
rapid reduction of global CO(2) emissions.

SOURCE IPAC-CO2 Research Inc.

Source: newswire

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