GLJ Ltd. was proud to sponsor the Canadian Heavy Oil Association and Canadian Society of Exploration Geophysicists – CSEG Joint Symposium on Feb 6th at the Hudson, in Calgary. GLJ President and CEO Jodi Anhorn shared his presentation “Carrots, Sticks and Carbon – a Policy and Incentives Case Study.”
Jodi’s presentation provided a status update of the most relevant policies and incentives that support economically viable CCS deployment in Canada and the USA. A comparative overview of Canadian incentives to American incentives was also be summarized. As a means of illustrating how varying scenarios of policy and incentive assumptions can impact CCS project economics, an economic modelling case study of a typical project was be delivered.
The study analyzed different scenarios of key incentives such as the Alberta CCS and Federal ITC funding eligibility, 45Q credits, as well as minimum carbon price guarantees via CCFD’s. Also included in the study is the application of uncertainty on median project cost estimates through stochastic modelling tactics, an important aspect of GLJ Ltd.’s evaluation process.
You can see Jodi’s presentation here, or even better reach out to our team so we can tell you more about the economics of CCS. Contact us at email@example.com