Alberta Government Commits $58 Million to Natural Gas Development

SEATTLE (Oil Monster): The government of Alberta, Canada, through Emissions Reduction Alberta (ERA), is committing $58.4 million for ERA’s Natural Gas Challenge. The Natural Gas Challenge was launched in October 2019 and was open to projects involving technologies at the pilot, demonstration, or first-of-kind commercial deployment stages. ERA’s selection committee reviewed 117 submissions and of these, 20 projects were selected based on their potential to unlock innovation across Alberta’s natural gas value chain, from production to the end consumer.

For more than 10 years, ERA has been investing the revenues from the carbon price paid by large final emitters to accelerate the development and adoption of innovative clean technology solutions. Since ERA was established in 2009, it has committed $607 million toward 183 projects that are helping to reduce greenhouse gases, create competitive industries, and are leading to new business opportunities in Alberta.

“Today’s announcement by the Government of Alberta supports investment attraction, job creation, and economic growth,” said Steve MacDonald, CEO at ERA. “Some projects will have an immediate impact by improving the performance of the natural gas sector’s existing operations and others are accelerating transformative opportunities, like hydrogen production, that can change the face of the industry.”

Courtesy: www.gascompressionmagazine.com