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Canada Growth Fund Invests in Strathcona’s Oil Sands Carbon Capture Initiatives

Canada Growth Fund Invests in Strathcona's Oil Sands Carbon Capture Initiatives

Strathcona Resources Ltd plans to develop up to US$1.5 billion (C$2 billion) carbon capture projects at its oil sands assets with the public investment vehicle Canada Growth Fund (CGF), the Canadian oil sands producer said in a statement. Strathcona announced a strategic partnership with CGF, which will help fund the development of carbon capture and sequestration (CCS) infrastructure on Strathcona’s steam-assisted gravity drainage (SAGD) oil sands facilities across Saskatchewan and Alberta.   The key reason for seeking such…

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