69. Notes that CCS could play a role on the road to decarbonisation by 2050; notes, however, that CCS is still at the research and development stage; notes that CCS development remains highly uncertain due to unresolved problems, such as non-specified delays, high costs and efficiency concerns; stresses that CCS, developed in an economically efficient, safe and sustainable way, will need to be in use on a commercial scale as soon as possible; highlights that CCS is also an important option for the decarbonisation of several energy-intensive industries such as oil refining aluminium smelting and cement production; calls on the Commis ...[+++]sion to draw up a mid-term report evaluating the results obtained from the use of EU-subsidised demonstration projects for coal-fired power stations;

70. Notes that CCS could play a role on the road to decarbonisation by 2050; notes, however, that CCS is still at the research and development stage; notes that CCS development remains highly uncertain due to unresolved problems, such as non-specified delays, high costs and efficiency concerns; stresses that CCS, developed in an economically efficient, safe and sustainable way, will need to be in use on a commercial scale as soon as possible; highlights that CCS is also an important option for the decarbonisation of several energy-intensive industries such as oil refining aluminium smelting and cement production; calls on the Commis ...[+++]sion to draw up a mid-term report evaluating the results obtained from the use of EU-subsidised demonstration projects for coal-fired power stations;

12. Stresses that nuclear energy is at present indispensible in order to ensure Europe's low-carbon energy supply; underlines the even bigger importance of energy efficiency and renewable energies after the recent events; calls on the Member States to accelerate the implementation of the Energy Efficiency Plan and the deployment of sustainable low carbon technologies such as CCS or clean coal and renewable sources of energy; asks the Commission as well as ENTSO-E, ENTSO-G and ACER to closely monitor the possible developments and to draw the necessary conclusions from them, especially with regard to grid development requirements and to ...[+++] other consequences;

13. Stresses that nuclear energy is at present indispensible in order to ensure Europe's low-carbon energy supply; underlines the even greater importance of energy efficiency and renewable energies after the recent events; calls on the Member States to accelerate the implementation of the Energy Efficiency Plan and the deployment of sustainable low carbon technologies such as CCS or clean coal and renewable sources of energy; asks the Commission as well as ENTSO-E, ENTSO-G and ACER to closely monitor the possible developments and to draw the necessary conclusions from them, especially with regard to grid development requirements and t ...[+++]o other consequences;

The Canadian people understand the importance of this issue, and they are probably looking for, as we are over on this side, some support incentive for CO2 capture and storage, which would be a breakthrough in allowing the oil sands in Alberta to develop in an environmentally sound way, reduce greenhouse gases, carbon dioxide, and in fact begin to develop a new industry for the future.

Senator Taylor: I am sure you are aware that, with respect to carbon dioxide emissions, it is economically beneficial for a Canadian to go down into the U.S. to capture carbon dioxide from oil and gas wells, pipeline it all the way back into Canada, convert it into carbonic acid, and pump it into the ground to remove more of our oil than it is to capture our own carbon dioxide to put into the ground.