JWN Staff, JWN
The Government of Alberta has announced up to $70.2 million in funding for 11 projects developing technologies to reduce GHGs from industrial development.
Seven of these technologies are directly tied to upstream oil and gas production.
The funding, which comes from Alberta’s carbon levy on industrial emitters, is being awarded through Emissions Reductions Alberta’s Industrial Efficiency Challenge.
The challenge was launched in March 2018, designed to implement leading technologies in oil and gas, chemicals and fertilizers, cement and concrete, forestry and agriculture, electricity and manufacturing.
“The 11 projects are anticipated to eliminate more than 5.3 million tonnes of CO2e by 2030 – the equivalent of bringing more than 1,300 wind turbines online,” the province said in a statement Wednesday.
“Significant reductions in operating costs are also expected. If successful, many of these new technologies can be adopted across industrial sectors, leading to further emission reductions and further economic benefits for Albertans.”