When it comes to finding ways to reduce GHGs, water use and other impacts to the environment, Canada’s oil and natural gas companies have shown they are willing to back up bold talk with hard cash: from 2015 to 2017, they invested $2 billion in environmental research and development. What’s more, they’re sharing technologies and collaborating with innovators, universities and governments to leverage their investments even further. The work is already paying dividends with innovations to reduce GHG emissions, improve pipeline monitoring, and restore wetlands, to name a few.
Investing $2 billion on environmental performance
From 2015 to 2017, Canadian oil and natural gas companies invested $2 billion in research and development to improve environmental outcomes.