The Financial Post reports in its Friday, May 3, edition that Edmonton-based Capital Power says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. A Canadian Press dispatch to the Post reports that up to three million tonnes of carbon dioxide per year would have been captured at the facility near the village of Warburg in Leduc county. It is the latest carbon capture project to fail to meet expectations, casting doubt on a technology that has garnered significant investment from Ottawa and provincial governments. The company says the project is technically viable but not economically feasible. Capital Power says it may explore carbon capture and storage again as economics improve. The company has set the goal of achieving net-zero greenhouse gas emissions by 2045. Alberta's electricity grid is heavily dependent on natural gas, and many analysts say offsetting those emissions will require a mix of wind and solar, hydrogen, nuclear power in the form of small modular reactors (SMRS), and carbon capture and storage. In January, Capital Power said it will partner with Ontario Power Generation to assess the feasibility of developing SMRs.