Alberta is an energy powerhouse for Canada and the world. From critical minerals to oil and gas to net-zero petrochemicals to renewable energy, biofuels and hydrogen, Alberta's natural resource sector creates thousands of jobs and drives economic opportunities for its workers and businesses. That's why Albertan innovators are working to develop and deploy new technologies that will cut pollution from the operations of key industries, enhance competitiveness and ensure prosperity now and into the future.
Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced an investment totalling close to $13.4 million to support made-in-Alberta technologies to reduce pollution while growing jobs and economic prosperity.
These projects will improve carbon capture technologies, making them more affordable, efficient at reducing emissions and easier to use across industrial sectors. They will also result in better tools and data to assess these technologies and in the exploration of new ways to remove carbon dioxide from the atmosphere, supporting Canada's sustainable and prosperous future.
The federal government is investing in the following Albertan companies and organizations that are developing cutting-edge carbon technologies:
· $2.5 million to InnoTech Alberta Inc. to study enhancements to amine capture systems
· $4.7 million to Ionada Canada to demonstrate cost-effective carbon capture and sequestration
· $4.3 million in total to the University of Calgary to support three carbon capture, utilization and storage research projects.
· $1.89 million to the University of Alberta to support two carbon capture, utilization and storage research projects
Through investments like this, the Government of Canada is ensuring that Canadians can take advantage of the generational opportunity of cleaner fuel sources. We are growing jobs and economic opportunities while reducing pollution in Alberta and across the country. And we are committing to work closely with all the Prairie provinces to identify the priority projects that will help build a green economy that is prosperous and sustainable and that benefits everyone.
