Emissions Reduction Alberta is offering $50 million to companies that are developing solutions to reduce oilsands GHGs and improve the industry’s cost competitiveness through a new innovation challenge.
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As part of its goal to cut methane emissions almost in half, the province has handed out almost $30 million to advance projects ranging from wood waste biomass co-firing and space-based sensing technology to reducing cattle methane discharges and oilfield flaring and venting.
Through Emissions Reduction Alberta, with industry co-funding, the 12 projects amount to $83 million in project development.
Royal Dutch Shell plc has penned a deal with SBI BioEnergy Inc. granting Shell exclusive development and licensing rights for SBI's patented process to convert a wide range of waste oils, greases and sustainable vegetable oils into lower carbon drop-ins for diesel, jet fuel and gasoline.
While the Canadian Association of Petroleum Producers (CAPP) says it welcomes Ottawa’s new plan to reduce the sector’s methane and volatile organic compound emissions, it disagrees with the government's assessment that Canada needs to "catch up" with environmental policies in the United States.
A global energy system based mainly on renewables can be achieved by 2050, but governments need to fully commit to a switch over from existing systems and energy companies need to scale up their efforts to transition to a low-carbon world, according to global management consultancy Oliver Wyman.
China and India have surpassed the U.S. at the top of the latest EY Renewable energy country attractiveness index, while Canada fell from ninth to eleventh position from a year ago. Germany and Australia filled out the top five on the list of 40 top countries.