Strathcona Resources partners with Canada Growth Fund to advance CCS infrastructure  

Canadian oil producer Strathcona Resources announced a strategic partnership with Canada Growth Fund (GCF) to build carbon capture and sequestration (CCS) infrastructure on facilities across Saskatchewan and Alberta. 

Under the terms of the agreement, CGF will invest up to $1 billion in CCS infrastructure on Strathcona’s assets, with an initial commitment of $500 million to fund the project. It aims to capture and permanently store up to 2 million tons of carbon dioxide annually.