The way I look at the economic benefit is I think people tend to think about energy as what are the lowest-cost energy resources you have in your region that can enable you to deliver low-cost energy but make it environmentally effective. When you think about coal in Alberta, for example, it's a very low-cost resource. We have 300 years of supply that sits just under the prairie. If we can prove up CCS, we can take about 4,000 megawatts of coal plants and extend their lives for 15 or 20 years, and take out the impact of CO2.
That gets the people of Alberta a resource that's more in the $80, $90 to $100 a megawatt hour range as compared to wind, which is in the $90 to $100 range. New hydro is now $125 to $145.
Earlier one of your panel members asked about nuclear. Our studies show that nuclear is in the $165 a megawatt hour range.
We try to look at each resource, look at the cost of that resource, and then look at the cost of mitigating the environmental impacts.
My husband is also from Nova Scotia, so I'm familiar with the concept of people coming from Nova Scotia to Alberta. From what I understand, when we look at the Nova Scotia region, you have some wind. We've got wind now in New Brunswick, and I know wind's being developed in Nova Scotia. My understanding is your coal is quite expensive there.
So I think what you'd have to look at is the cost of that coal relative to the cost of the CCS and put those together and compare them to other energy sources you have in the region, which could be wind, small hydro, and some gas-fired facilities. That's what I would look at.
In terms of safety, a tremendous body of work is now being gathered on the kind of work we're doing here in Alberta. You could get in touch with some of the geologists, the engineers who have been working on these projects. They could outline the kind of study that would have to happen to determine just how safe it would be in the various geological formations there.
I think all of that is very doable at this point.