Canada to invest in Shell carbon capture project.(BUSINESS & FINANCE NEWS: UNITED STATES/AMERICAS)

Royal Dutch Shell says the governments of Alberta and Canada have signed letters of intent to contribute a total of C$865 million ($837 million) to Shell's carbon capture and storage (CCS) project at Shell's Fort Saskatchewan bitumen upgrader. The government of Alberta agreed to earmark C$745 million of its C$2 billion CCS fund for Shell's "Quest" project. Canada's federal government says it will provide C$120 million.

"Both the government of Alberta and government of Canada should be commended for their leadership and vision on advancing CCS deployment in Canada," says Graham Boje, v.p./health, safety, and sustainable development at Shell. "Finding ways to manage greenhouse …