Carbon Capture

[shtferbrains]

New York and London, January 10, 2022 – Prices for carbon offsets – verified emissions reductions equivalent to one ton of carbon each – could be as high as $120/ton or as low as $47/ton in 2050, according to research company BloombergNEF (BNEF).

It appears Mr Treadau has no interest in carbon credits as an option for the O&G sector.
It would seem Canada should have a huge natural advantage with our forests,wetlands,etc.
They were letting some of the BC tribes use their tribal forested land that is sequestering carbon now.

Rather than promoting our advantage the current government seems to want to minimize our potential and subsidize EV's or Solar Panels that require huge consumption of natural resources for minimal net gain to us.

[jamesb]

Carbon accounting. Have you done yours. You need to be able to substantiate your claim of sequestration by showing proof of being carbon negative in order to get paid credits. Yes, trust the science. Yes growing plants push carbon in the ground but how much carbon was emitted in the process. Do your accounting.
It is known for instance that pushing high yields with nitrogen fertilizer actually mines your soil carbon in some crops more than others.
https://yaleclimateconnections.org/2...than-it-helps/

It has to be more than 20 years ago now we were part of a program that used our crop insurance cropping data to claim carbon credits. At that time their credits were part of the Chicago Climate Exchange. We only participated for a short time. The jist of it was that farmers were paid for past direct seeding practices that sequestered carbon. The project didn't last very many years. I was satisfied at the time to get something.

The newest version is just starting to get going. We don't use Farmers Edge but they seem to be at the forefront of matching the farmer's precision farming data to the new carbon credit program. The outfit we work with is probably a year off yet from having a program.

[jamesb]

I would add that from what I have read that farmers should be able to do the paper work themselves for the carbon credit program and not have to use a precision ag company. I sorta equate it to do ones taxes themselves or using a accountant. From what I see things will be a hell of lot clearer next year.
Radicle is the Alberta company that seems to be at the forefront of all this. https://radiclebalance.com/agriculture

[shtferbrains]

I would add that from what I have read that farmers should be able to do the paper work themselves for the carbon credit program and not have to use a precision ag company. I sorta equate it to do ones taxes themselves or using a accountant. From what I see things will be a hell of lot clearer next year.
Radicle is the Alberta company that seems to be at the forefront of all this. https://radiclebalance.com/agriculture

Do you see ever getting the $47 to $120 a ton?

How many ton is a good number per 1000 acres?

[jamesb]

Do you see ever getting the $47 to $120 a ton?

How many ton is a good number per 1000 acres?

Not a clue. From what I can gather from the guy that I tracked down earlier in the year is that there is a hell of lot of unknowns. For me I am not signing on with anyone until things are clearer. I see some of the ag support type outfits really going hog-wild with this cause they smell money. In my mind the best case scenario is that things are ready do go for 2023. There is going to be lots of fine print to read.

[bucket]

didn't the federal government just sell green bonds for the sum of 5 billion?????

[WiltonRanch]

I wouldn’t sign on with farmers edge. They don’t have anything fully ironed out yet nor they may not be around when they do.

[ColevilleH2S]

Carbon accounting. Have you done yours. You need to be able to substantiate your claim of sequestration by showing proof of being carbon negative in order to get paid credits. Yes, trust the science. Yes growing plants push carbon in the ground but how much carbon was emitted in the process. Do your accounting.
It is known for instance that pushing high yields with nitrogen fertilizer actually mines your soil carbon in some crops more than others.
https://yaleclimateconnections.org/2...than-it-helps/

That's it, an activist opinion piece is your cite?!

High yields with nitrogen fertilizer is responsible for removing the most CO2 per square mile of any place on earth.
https://www.nasa.gov/press/goddard/2014/march/satellite-shows-high-productivity-from-us-corn-belt/

[jazz]

I wouldn’t sign on with farmers edge. They don’t have anything fully ironed out yet nor they may not be around when they do.

The minute you sign on to a farmer based carbon credit program, you are agreeing to adhere to sustainable production guidelines set by some authority, that might not even be in your own country.

These companies in AB might get a tax reprieve and get the eyes off them for a bit, but they have also agreed to continuous monitoring and reporting and scrutiny. They might put in all this infrastructure and it doesnt totally work and they and up getting a penalty out of it in the future.

That could happen to us as well. They baseline some sequestration numbers that we have to meet every year. You didnt meet your goals, so your sales get a .05% enviro levy applied. etc. See where this goes?

[furrowtickler]

Anything I have seen is nearly worthless value per ac they are willing to pay . One company offered less than $1/ac
So pay Farmers Edge as an example $10 /ac do help with precision Ag , the hassle of being not as efficient time wise at critical seeding window , extra time and hassles with maps and prescriptions per field … all for little net gain in productivity to get $1 per ac while costing $10 plus at least $5 / ac in time management????
No thanks
If the actual value was at its true worth like in the US at $40-60 / ac , then yes it’s feasible.
But what I see is an albatross hanging around one’s neck for very little outcome .
Maybe things have changed but that was a few years ago .
We have a very limited seeding window in most western Canada , whatever system is used must be simple and very efficient. Maybe they are there now , but from from what I seen a few years ago not a chance.