New program will help smaller oil and gas companies reduce methane emissions
The new Methane Emissions Reduction Program introduced by Alberta will help oil and gas facilities “identify, reduce, improve or eliminate methane waste” through energy-efficient equipment upgrades, boosting competitiveness, productivity and environmental performance.
“A key component of Alberta’s Climate Leadership Plan includes reducing methane emissions by 45 per cent by 2025,” said Shannon Phillips, Minister of Environment and Parks and Minister responsible for the Climate Change Office. “Methane emissions are not only harmful to our environment, they can shorten equipment life and increase operating costs for industry. This program will help pinpoint problem areas and solutions, saving businesses money, creating jobs and bringing Alberta closer to reaching our methane reduction targets.”
The total incentive available for facility owners is $250,000 per facility, per fiscal year. The incentives are designed for oil and gas facilities operating in Alberta that do not exceed 40,000 barrels of oil per day.
“We expect these incentives to drive real action and results to reduce methane emissions, supporting an important sector of Alberta’s economy,” said Monica Curtis, CEO, Energy Efficiency Alberta. “We are especially grateful for the input and direction from the Methane Emissions Leadership Alliance in the creation of this initiative.”