Sept 5 Royal Dutch Shell Plc said on Wednesday it will go ahead with its planned Quest carbon capture and storage project in order to cut carbon-dioxide emissions at its 255,000 barrel per day Scotford oil sands upgrader near Edmonton, Alberta, by more than a third.
The company said in a statement the facility will capture more than 1 million tonnes of carbon dioxide annually and inject it underground.
Shell has not said how much it expects the project, which will be operating late in 2015, will cost. The governments of Alberta and Canada are contributing C$865 million ($877 million) to the project.
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India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash they say is hobbling efforts to clean up their balance sheets. Full Article