Carbon capture a ticket out of poverty for Indigenous communities – Troy Media

May 24, 2022

Energy economy and carbon tech sector have become a ‘new buffalo’

First Nations and Metis communities are becoming heavily involved in carbon capture and storage projects in Alberta, capitalizing on developments that would see carbon emissions from industrial sites get buried deep underground.

Indigenous groups have obtained ownership stakes for two proposed carbon removal projects, the Open Access Wabamun Carbon Hub and Wolf Midstream Sequestration Hub, thus giving these communities more of a financial interest in projects and potential for reliable new revenue sources.

This is a positive development as it demonstrates how the private sector can drive down carbon emissions through technological innovation.

Read More: https://troymedia.com/business/carbon-capture-a-ticket-out-of-poverty-for-indigenous-communities/

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