13:11:36 EDT Mon 10 Aug 2026
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Imperial Oil Ltd
Symbol IMO
Shares Issued 483,592,715
Close 2026-08-07 C$ 174.21
Market Cap C$ 84,246,686,880
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Globe says Cenovus, others inch toward carbon capture

2026-08-10 07:26 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Saturday edition that Norway has showed the world that carbon capture is both scientifically sound and economically feasible. The Globe's Tim Kiladze writes that at Northern Lights, now operating for over a year, liquid CO2 arrives by ship, gets stored in giant tanks, then travels 100 kilometres west through a pipeline into the North Sea, where it is injected into porous rock 2,600 metres below the seabed. It is exactly the type of project Canada has long promised, but never delivered. Ottawa, Alberta and Big Oil talked about carbon capture for years, and in 2021 five oil-sands producers came together to form the Pathways Alliance, promising to build a pipeline to bury carbon emissions from their sites. Five years in, there hasn't been a single shovel in the ground. The oil companies can't even settle on a way to pay for it, despite making a collective $24.7-billion in profits in 2025. Carbon pricing reform is needed. Provinces are allowed to develop their own systems, and in Alberta, it's called TIER, or the Technology Innovation and Emissions Reduction system. Canada and Alberta have agreed to set a new effective carbon price, the possible start to doing what Norway has already done.

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