The system, which cost 1.2 billion Canadian dollars, captures carbon dioxide from industrial emitters in the Alberta's Industrial Heartland and transports it to central and southern Alberta for secure storage in depleting oil reservoirs as part of enhanced oil recovery projects.
[7] However, in September 2010, the Canadian Environmental Assessment Agency approved the project and a license for construction and operation was issued in April 2011.
It was partially financed through federal programs like the Eco Energy Innovation Initiative and the Clean Energy Fund of Stephen Harper's administration which provided sixty-three million Canadian dollars, the Province of Alberta through its Carbon Capture and Storage Funding Act of 2009 which approved 223 million Canadian dollars, and the Canada Pension Plan Investment Board which provided 305 million Canadian dollars.
This pipeline, owned and operated Wolf Midstream, has the capacity to transport a maximum of 14.6 million tonnes of carbon dioxide annually.
Ambitions are that it will store 14.6 million tonnes (16.1×10^6 short tons) of carbon dioxideper year, six times more than the Weyburn project in Saskatchewan.