23:50:04 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Berkshire Hathaway CDR (CAD Hedged)
Symbol BRK
Shares Issued 4,700,000
Close 2023-08-25 C$ 27.34
Market Cap C$ 128,498,000
Recent Sedar Documents

Post says Berkshire sees carbon capture gain steam

2023-08-28 09:10 ET - In the News

Also In the News (C-TSLA) Tesla Inc CDRs (CAD Hedged)

The Financial Post reports in its Saturday edition that natural gas power plants will likely soon need to start capturing their carbon-dioxide emissions since it might be the only way they can meet the federal government's proposed Clean Electricity Regulations (CER), which cap CO2 emissions for natural gas plants at 30 tonnes per gigawatt hour annually. The Post's Marisa Coulton writes that it is a big ask. The best-performing natural gas plants emit 350 to 420 tonnes of carbon dioxide per gigawatt hour; coal plants normally emit 1,000 tonnes. Carbon capture is gaining steam, with the global carbon capture and sequestration market expected to grow to $7.49-billion by 2030 from $2.1-billion in 2022, according to Vantage Market Research (all figures U.S.). That has caught the attention of some big names. For example, Berkshire Hathaway's Occidental Petroleum recently purchased Canadian carbon-capture start-up Carbon Engineering for $1.1-billion. Elon Musk's Xprize, which is running a $100-million carbon-removal competition, will allow teams in the final round a chance to pilot their solutions using Montreal-based Deep Sky's carbon-capture facility. Deep Sky is the latest venture from Hopper's Frederic Lalonde.

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