“This new pipeline will significantly advance Alberta’s capacity for future carbon capture and storage projects ,” said Premier Ed Stelmach. “The Alberta Carbon Trunk Line will be the backbone of CO2 transportation for Alberta. It will be built with long-term capacity in mind so as more companies capture CO2, they will be able connect to the line.”

The pipeline will connect the Industrial Heartland near Fort Saskatchewan south to producing oil fields near Clive, north of Red Deer. Construction is scheduled to begin in 2011, with operation to begin in late 2012. The province will invest $495 million in the project, over 15 years. Provincial funding for this project is part of Alberta’s $2 billion commitment to carbon capture and storage.

Susan Cole, president of Enhance Energy, says this project has been in the works for many years and will initially connect the Industrial Heartland to producing oil fields near Clive.

“The ACTL will enable the sustainable development of Alberta’s vast oil reserves while increasing production from existing reservoirs and helping to store 14 million tonnes of CO2 annually,” said Cole.

Building critical infrastructure for future economic growth is a key element of Alberta’s plan for a strong economic recovery. The Way Forward will bring Alberta back into a surplus position in three years by trimming government spending; using cash reserves to protect key programs; continuing to invest in public infrastructure; and ensuring that our province’s industries are competitive and continue to attract investment to provide jobs and prosperity.