...headquartered in Calgary, Alberta, Canada, the management of the CO₂ hub has long recognized the desire of energy stakeholders to find the ways and means to foster enhanced petroleum resource development while, at the same time, reducing energy sector emissions.

...established conventional crude oil reserves are shrinking, yet as much as two-thirds of this resource remains in-place and utilization of CO₂ in enhanced petroleum recovery activities is seen as having a significant upside.

...issues around CO₂ utilization in the past have centered on the need for consistent and adequate supply sources, at economic price levels.

...the desire to find market-based solutions to mitigating some of the greenhouse gas concerns.

...to support all stakeholders along the CO₂ supply chain - producers, users and those providing related services such as purification, transportation, compression and storage - in their efforts to foster the development of a sustainable CO₂ industry.

...to provide for the monitoring of company specific volumes bought and sold to further enhance the benefits derived from participation in the CO₂ hub.

...to be further guided by the commitment to contribute a portion of net profits to technical research initiatives aimed at enhancing the economic viability of the CO₂ supply chain.