By rdnewsNOW staff

OIL AND GAS INVESTMENT

Ottawa invests $6 million in clean technology for Alberta’s natural resources sectors

Jul 8, 2020 | 8:02 AM

EDMONTON- Seamus O’Regan, Canada’s Minister of Natural Resources, has announced an investment of $6 million, as part of the Canadian Emissions Reduction Innovation Network (CERIN) initiative, to the Petroleum Technology Alliance of Canada (PTAC) and Canadian Gas Association (CGA), through their Natural Gas Inovation Fund, to support their work in the oil and gas sector.

CERIN is a collaborative initiative between Natural Resources Canada and Alberta Innovates, which contributed $4.3 million to accelerate the development of technologies that reduce methane emissions in the oil and gas sector. The program is focused on finding the right technologies so that they can be deployed quickly in Alberta, across Canada and globally.

These investments will inform protocols and standards for the detection and mitigation of methane emissions that will become the benchmark for Canada and the world. Through strong industry collaboration these investments will help Canada better understand and reduce methane emissions.

Developing Canada’s natural resources in more sustainable, more responsible ways drives our economy, reduces our environmental impacts and creates jobs. This will be more important than ever as we reopen the economy and plan our recovery from the COVID-19 crisis.