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Stock Market

A dozen methane emissions reductions projects have received funding from Emissions Reduction Alberta (ERA). The amount of funding for the 12 projects is $29.5 million with the total value of the projects topping $83 million.

 

The new initiatives (a full list is HERE) are the result of the ERA Methane Challenge, and were selected for funding through ERA's competitive process. ERA leveraged its investment to advance projects that will help industry meet the province's climate leadership objective to reduce methane emissions by 45% by 2025.

"We are drawing on tremendous technical expertise and the capacity of Alberta companies to accelerate development of the innovative methane-reducing technologies we need in a lower carbon world," said Shannon Phillips, Alberta Minister of Environment and Parks and the Minister Responsible for the Climate Change Office. "This commitment to innovation supports economic prosperity and creates employment opportunities for Albertans."

Methane reductions resulting from these 12 projects are estimated to be more than 1.1 MT by 2020 and more than 6.9 MT by 2030. 

The ERA Methane Challenge launched in October 2016 to develop and demonstrate innovative technology solutions to help Alberta detect, quantify, and reduce methane emissions. The organization received 118 submissions through the competition.