EnCana wants credits for carbon piped in from the U.S.:| Oilweek Magazine

OTTAWA _ A Canadian energy giant wants offset credits from the federal government for carbon dioxide it pipes in from the United States and stores underground in Saskatchewan, a newly released document shows.

Calgary-based EnCana Corp. (TSX:ECA) lobbied Industry Minister Jim Prentice in January to broaden regulations so Canadian companies that ship carbon from the U.S. and store it in Canad
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EnCana says with both U.S. presidential candidates favouring a cap-and-trade system it makes sense to lay the groundwork for a North American carbon market.

EnCana buys carbon dioxide that´s captured and purified at a coal gasification plant in North Dakota, transports the gas by pipeline and pumps it into an underground reservoir.

There´s also an economic benefit to doing this: Pumping carbon into aging fields such as Weyburn helps companies draw more oil out of the ground.