Thursday, January 29, 2009
Canada's Stimulus Targets Carbon Capture and Nuclear Power
Canada's budget lacks the renewables focus of Obama's plan.
By Peter Fairley
Canada's Stephen Harper is pushing carbon capture and nuclear over renewable energy.
|
Canada's Conservative government unveiled a budget yesterday with an energy balance distinctly different from that contemplated by President Obama in his economic stimulus package. "Green Causes Left Out of Budget" is how the Toronto-based National Post headlined its coverage. Toronto Star columnist Chantal Hebert writes that environmentalists may be the only "constituency, friendly or hostile to the Conservatives, that will not get a piece of the multibillion-dollar stimulus package."
Whereas Obama's $819 billion stimulus package proposes giving renewables a big boost, Prime Minister Stephen Harper's C$33 billion (US$27 billion) Economic Action Plan would leave unchanged Canada's EcoEnergy support program for renewable energy. Canadian Wind Energy Association president Robert Hornung predicts that the program may run out of cash before the end of the coming fiscal year, blunting the industry's ability to draw investment amidst a superhot U.S. market.
"Our ability to compete with the United States for investment in wind energy projects and manufacturing opportunities will decline as a result of this budget. At a time when the United States has made measures to support renewable energy deployment a key component of its plans to stimulate the US economy, Canada is moving in the opposite direction."
What takes top billing in Harper's plan is, instead, carbon capture and nuclear energy. Government-owned Atomic Energy Canada Ltd (AECL) gets C$351 million to support, among other projects, development of the next generation of its CANDU heavy-water reactors. A C$1 billion clean-energy fund will finance carbon capture and storage (CCS) projects over the next five years. The CCS projects could be key to sustaining the massive investment in tar-sands-based oil production in Alberta and Saskatchewan.
Budgets like Canada's are exactly what prompt some renewable-energy advocates to oppose CCS and nuclear energy: these technologies may have a role to play in boosting energy independence and reducing carbon emissions, but, as Canada's lopsided spending plans show, there is a danger that they will divert funds that need to move toward even cleaner power sources.
Comments
The oil sands are under pressure due to cost and environmental considerations. Carbon capture will increase the former and burning clean, expensive, natural gas to produce bitumen has been likened to Alchemy in reverse.
Canada’s nuclear industry, as in every other country, is constrained by waste and proliferation concerns and on the waste front Harper’s government has put off a solution for at least 60 years. Researching the solution is the given rationale but the reality is Canada’s nuclear industry never put aside the requisite funds to deal with its waste and it will take 60 years for compound interest to grow the meager funds it is contributing annually to the amount required.
Here too costs have been escalating faster than their contributions are compounding.
It turns out the answer to both of these propositions is the same.
The global inventory of spent nuclear fuel has the energy equivalent of approximately 200 operating nuclear reactors. The energy return on investment for Alberta’s bitumen is 5.2/1 therefore the energy going to waste in spent nuclear fuel has the potential to produce in the neighbourhood of 6 billion barrels of synthetic oil annually. A recently published study, http://nbbusinessjournal.canadaeast.com/journal/article/504736, notes the unprecedented capacity of bitumen to sequester radioactive materials and much of Canada’s bitumen is found beneath a capping shale formation that would preclude either hydrocarbons or radionuclides from migrating to the surface.
Ionizing radiation will also reduce the cost of upgrading bitumen by fracturing portions of the long chain molecules into more valuable gases and hydrocarbons in the ground. Radiolysis of in situ water in these formations will also aid the upgrading process by adding hydrogen ions to the system.
Returning the global inventory to North America to develop this resource insures it never falls into the hands of proliferators or terrorists. And placing weapons plutonium and plutonium extracted from commercial spent fuel in the side walls or floor of a repository, or the lower reaches of a borehole ultimately filled with spent fuel insures it would meet the spent fuel standard for the elimination of these materials.
Spent nuclear fuel is a free, carbon-free source of energy that makes the Alberta’s unconventional oil viable at even $40 oil.
Lord Oxburgh, one of the world’s leading geologists and a former head of the House of Lords select committee on science and technology, has said of this solution, “I have often myself wondered whether it would be feasible to harness the heat generated by sequestered nuclear materials. I suspect that the major problems might well be political rather than technological.”
The political reality is Canada’s energy power house is virtually moribund for want of proper management.
NuclearHydro...
01/30/2009
Posts:4
Hopefully the Canadians will notice this quickly and change his plan.
mehdi.taileb
01/30/2009
Posts:6