Thirteen Canadian cleantech companies are among 100 of the world’s best, developing potentially game-changing technologies against climate change. Canadian natural gas and oil producers are supporting a number of these cleantech leaders through partnerships and investments.
Cleantech Group – a division of i# Market Intelligence – has released its 2022 Global Cleantech 100, listing the world’s top companies committed to taking action on climate. Nearly 11,000 companies from 94 countries were nominated. Nominees were weighted and scored to create a short list of 321 companies reviewed by the 86 members of Cleaantech Group’s expert panel. The final list highlights companies well positioned to significantly address emissions reduction over the next five to ten years.
Read more: Canadian oil and gas is a cleantech industry
Among the Canadian companies with connections to the oil and natural gas industry – and its commitment to lowering emissions – are:
In 2021, Nova Scotia’s CarbonCure received US$7.5 million as co-recipients of the NRG / COSIA Carbon XPrize, a competition designed to spur development of technologies to recycle carbon emissions into valuable products.
Developed by a Montreal aerospace company that specializes in satellite technologies, in 2016 GHGSat launched the world’s first emissions-detection satellite system in collaboration with Canada’s Oil Sands Innovation Alliance (COSIA) and other companies across several industrial sectors.
To date, the system has demonstrated that measurements can be performed with 100 times higher spatial resolution than NASA or other national space agency satellites can provide to measure emissions from individual facilities. In the oil sands region, where existing methods to measure fugitive emissions are expensive and require on-site measurements, GHGSat estimates its solution can reduce costs by more than 50 per cent while offering more frequent and more accurate emissions measurements.
Vancouver-based Svante has developed a bold approach for eliminating industrial greenhouse gas (GHG) emissions. In 2021, Suncor Energy, among the oil sands’ largest producers, partnered with Svante to accelerate the commercialization of Svante’s novel carbon dioxide (CO2) capture technology.
Canada’s Minister of Natural Resources, the Honourable Jonathan Wilkinson, said, “The Global Cleantech 100 list recognizes private, independent and for-profit companies best positioned to deliver solutions that will take us from commitments to actions on the road to net zero emissions by 2050. The fact that 13 of the top 100 companies are Canadian is a testament to Canada’s leadership in global clean energy technologies.”
Did you know?
Canada’s natural gas and oil industry spends more on cleantech than any other industrial or business sector in the country.