At its Performance Update held on March 20, 2018, Canada’s Oil Sands Innovation Alliance (COSIA) announced that to date, its members have voluntarily invested $1.4 billion to accelerate environmental performance, sharing 981 specific environmental technologies.
These technologies are driving to decrease greenhouse gas emissions, reduce water usage and reclaim land faster. COSIA is an example of Canadian innovation and environmental leadership at work to help meet global challenges.
COSIA is itself a unique model of open innovation and collaboration: It is one of the only examples of former competitors agreeing to share hard-earned innovations and intellectual property to serve the common interests of an entire industry. As well, COSIA works with some of Canada’s and the world’s top scientists and innovators.