New Times Energy is committed to achieving net-zero emissions, with plans to deploy carbon sequestration and other state of the art technologies, as part of the global transition to a low-carbon energy economy.
Carbon Capture and Sequestration (CCS), also known as carbon capture, utilization, and sequestration (CCUS), is the process of capturing carbon dioxide molecules in the atmosphere and removing them to storage deposits where they can no longer contribute to global warming and climate change. It is a potential means of mitigating the contribution to global warming and ocean acidification of carbon dioxide emissions from industry and heating. Although CO2 has been injected into geological formations for several decades for various purposes, including enhanced oil recovery, the long term storage of CO2 is a relatively new concept. (Proven technology with a new purpose)
New Times Energy is working with industry experts, energy regulators and other stakeholders to implement CCUS across our Canadian assets to achieve net-zero emissions.