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Courtesy of ENERGYminute
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Courtesy of ft.com
Emissions Reduction Alberta (ERA), the provincial organization that distributes funding from the Carbon “Not Tax” in Alberta, announced on Monday the latest round of funded emissions reduction projects.
- The ERA has invested more than $800 million in over 200 emissions-reduction technology projects since founding in 2009.
The latest winners: The recent funding round included $176 million from the ERA and the federal government in a range of technology areas.
- $56 million for reduction of oil & gas emissions, including projects to reduce tailings pond emissions and to extract bitumen in the mine pit (reducing tailings and trucking).
- $62 million for low-carbon energy generation including helping CP Rail develop hydrogen-fuelled locomotives and an investment in Air Products’ blue hydrogen hub.
- $58 million for bio-industry and waste-to-value investments, including funding for the Genessee Carbon Conversion Centre and a Lafarge Project to repurpose landfilled fly ash for concrete production processes.
The losers: There were 281 applications for funding under this round, and only 16 projects were selected.
- The ERA’s large pool of available funds is driving innovation in emissions reductions in Alberta. Given that Canada’s oil and gas industry is likely subject to a hard emissions cap, these investments are likely to be critical to future prosperity.
Zoom out: The government has made some poor investments in the past, including rail cars and refineries. Fingers crossed
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