Vancouver, British Columbia –News Direct– Kanata Clean Power & Climate Technologies Corp.
CALGARY, ALBERTA – TheNewswire – October 14, 2021 – Kanata Clean Power & Climate Technologies Corp (“KANATA”) is pleased to announce that Treaty Six Participating First Nations, KANATA and Vault 44.01 Ltd. (“Vault”) submitted a Joint Response to Expression of Interest (“REOI”) solicited by the Government of Alberta for industry partners to develop, build, own and operate a sequestration center in the province of Alberta. carbon to be located on the traditional territory of the Treaty Six First Nations (the “KANATA CarbonHub”).
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Treaty Six First Nations, KANATA and Vault have submitted a joint expression of interest to the Government of Alberta for the construction of a carbon sequestration center in Treaty Six traditional territories.
KANATA predicts that the KANATA CarbonHub will be the only Indigenous-led and owned response to the Government of Alberta’s REOI for carbon sequestration and represents an important step in Alberta’s emissions reduction and economic reconciliation.
KANATA CarbonHub supporters are:
– First Nations participating in Treaty Six, represented on condition by Tribal Chiefs Ventures Inc. (“TCVI”), and the First Nations individually covered by Treaty Six, including the First Nations of Frog Lake No. 121 and No. 122 and the Kehewin Cree Nation;
– KANATA (development partner); and
– Vault (technical partner).
The proponents anticipate that other TCVI member nations may join the KANATA CarbonHub as internal approval processes within member nations are completed, and TCVI plans to open the majority stake of its members to d other Treaty Six First Nations as development progresses.
“As we move into this new endeavor, I first want to express my gratitude to our Creator and Mother Earth for her generosity. As businesses and governments in Canada and around the world rush to develop and invest in the infrastructure required to decarbonize the economy, we are very proud to be a part of this KANATA CarbonHub development. We are committed to doing our part for the unborn child as we try to meet international commitments to reduce the impact of carbon emissions and slow climate change. The introduction of innovative energy technology to Canada through our previously announced Frog Lake-Kanata Power Plant limited partnership which uses new technology licensed from NET Power, LLC, combined with our local knowledge in the field sequestration, will also allow us to use Canada’s abundant natural gas supply as part of an integrated solution to achieve net zero emissions by 2050. We also commit to implementing the recommendations of the Truth and Reconciliation Commission by bringing together Indigenous and non-Indigenous peoples to tackle these big issues, ”said Chief Greg Desjarlais, Chief of Frog Lake First Nations # 121 and # 122, and President of TCVI.
The KANATA CarbonHub REOI was submitted in response to the Alberta REOI process which will lead to formal proposals for the construction of carbon sequestration sites in Alberta. Details can be found at: Land management of carbon sequestration | Alberta.ca
“Most experts agree that there is no credible path to rapidly reducing emissions without carbon capture and storage. Kanata CarbonHub will significantly help Alberta meet its decarbonization goals, ”said KANATA Vice President Erin Campbell.
The KANATA CarbonHub will be owned by the Kanata Carbon Hub Limited Partnership, through which Treaty Six First Nations will have majority ownership of a key carbon reduction infrastructure project in their traditional territory. Development partner KANATA and technical partner Vault will hold minority interests in the partnership.
In order to support the overall realization of KANATA’s Net Zero and Net Negative related infrastructure development, KANATA and Vault are working together to develop and implement innovative and indigenous-led CO sequestration assets.
“As an Alberta-based company, Vault is thrilled to participate in this ambitious First Nations-led project. We look forward to bringing our experience with over 20 carbon sequestration projects across North America to this partnership to create a world-class carbon hub, ”said Scott Rennie, President and CEO from Vault.
The Government of Alberta plans to issue a Request for Full Project Proposals (“RFPP”) by December. Kanata Carbon Hub Limited Partnership looks forward to working with the province on this vital development for Alberta, Canada and the world.
ABOUT PARTICIPATION IN THE FIRST SIX NATIONS TREATY
Treaty Six First Nations are the indigenous peoples of the territory now known as Alberta, Canada. The 17 Alberta nations party to Treaty 6, signed in 1876, claim all rights and title to their traditional territories, as commemorated in Treaty 6 and confirmed by section 35 of the Constitution Act. 1982.
Frog Lake First Nations # 121 and # 122 and the Kehewin Cree Nation, as individual Nations, and in the future other Treaty Six Participating First Nations acting collectively through Tribal Chiefs Ventures , Inc. (a tribal council within Treaty Six territory) will form the Kanata Carbon Hub Limited Partnership whereby Treaty Six First Nations will be the majority owners of the KANATA CarbonHub project.
ABOUT KANATA CLEAN POWER & CLIMATE TECHNOLOGIES CORP.
KANATA is one of the leading Canadian platforms for the development and management of decarbonising assets, and one of the leading developers of net zero carbon electricity infrastructure in Canada. For more information visit: www.kanataclean.com or follow us on Twitter and LinkedIn.
ABOUT VAULT 44.01 LTD.
Based in Calgary, Vault is a highly experienced CCS project development organization with extensive expertise in the secure geological sequestration of CO2. Vault team members have been involved in the development of CO2 sequestration projects in North America since 2007, including TransAlta’s Pioneer Project, Petroleum Technology Research Center (PTRC) Aquistore Project, Shell’s Quest Project and Carbon Management Canada’s field research station in western Canada. Vault’s goal is to enable cost-effective wholesale decarbonization of industrial emitters in Alberta and across North America through CCS.
For more information visit: safe4401.com.
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CAUTION REGARDING FORWARD-LOOKING INFORMATION Certain statements contained in this press release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “could”, “will”, “the”. intention ”,“ should ”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. KANATA’s actual results could differ materially from those anticipated in this forward-looking information due to regulatory decisions, competitive factors in the industries in which KANATA operates, prevailing economic conditions, changes to KANATA’s strategic growth plans and other factors, many of which are beyond KANATA’s control. KANATA believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that such expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this press release represents KANATA’s expectations as of the date hereof and is subject to change after such date. KANATA disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
See the source version on newsdirect.com: https://newsdirect.com/news/treaty-six-first-nations-and-partners-submit-application-to-build-indigenous-led-carbon-hub-in-alberta-635390376