Capital Power

Canada's energy minister is defending carbon capture and storage technology as both effective and affordable, after an Alberta power company walked away from a planned project and a study found that another project got public subsidies to cover more than three-quarters of its costs.

Capital Power's decision not to pursue its $2.4-billion Genesee project is unlikely to be the first of other such cancellations, said Scott MacDougall of the Pembina Institute, a clean energy think tank.

Saskatchewan's Boundary Dam project continues to miss emissions reduction goals, raising questions about the cost-effectiveness of the technology, says a report.

Edmonton's Capital Power Corp. and Ontario Power Generation are joining together to assess the feasibility of developing small modular nuclear reactors to help power Alberta's electricity grid.

Alberta's premier told the audience at the Pembina Institute's Climate Summit that their support for wind and solar was "fantasy thinking." But as the International Energy Agency's latest forecast shows, she's the one living in a dream world right now.