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Natural Resources Canada and the U.S. Department of Energy have announced $5.2 million in new funding for the International Energy Agency (IEA) Greenhouse Gas Weyburn-Midale CO2 Monitoring and Storage Project.
The Government of Canada will contribute $2.2 million, which brings its total contribution for the project to $15.2 million. The investment, announced during the Clean Energy Ministerial meeting in Washington, will support additional CO2 storage research in the final phase of the project.
This unique research will solidify the knowledge of measurement, monitoring and verification of CO2 storage in depleted oil reservoirs. It also aims to demonstrate that CO2 can be stored safely, minimizing the possibility of leakage.
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