The United Conservative Party are attempting to make strides in their emissions reduction technology and have announce up to $131 million to invest in the provinces industrial energy efficiency and carbon capturing and storage program.
Premier Jason Kenney announced on Thursday that seven projects across the province will be receiving more than $100 million in funding to cut carbon emissions.
One such project will be located northeast of Fort McMurray at the Kearl Oil Sands, where Imperial Oil plans to install five waste heat recovery units.
The reused heat is expected to be used to cut emissions by around 190,000 tonnes each year and reduce heat loss in the winter by 50 percent.
Simon Younger, Senior Vice-President of Upstream, Imperial, commented, “We greatly appreciate the support from the Government of Alberta to help advance implementation of boiler flue gas technology at our Kearl oil sands operations as Imperial develops pathways in support of a net-zero future.”
Kenny claims that the Industrial Energy Efficiency and Carbon Capture Utilization and Storage program will create up to 2,200 jobs and cut up to 2.9 million tonnes of emissions by 2030.