June 29, 2016 17:01 ET
Continental Energy Deal Positions Canada as a Leader on Energy Innovation and Collaboration
CALGARY, ALBERTA--(Marketwired - June 29, 2016) - Canada is a world leader in innovation and technology in the fight against climate change and has improved its competitive position in North America by committing to the North American Climate, Clean Energy, and Environment Partnership with the United States and Mexico.
Canada improved its competitive position by establishing a level playing field on GHG reduction targets with other North American oil and natural gas producers. Canada's environmental and regulatory stringency on methane emissions meets or exceeds the stringency of Mexico and the United States and we are pleased to see North America's commitment to the same goals to address climate change through innovation and technology.
Canada's upstream oil and natural gas industry has long advocated for a North America-wide strategy on methane emissions, and is in a leadership position to collaborate and share technological solutions with Mexico and the United States.
Over the past two decades, the oil and natural gas industry has reduced natural gas flaring by 63 per cent. The Canadian Oil Sands Innovation Alliance (COSIA) is an example of a voluntary group of oil sands producers that have invested almost $1.3 billion to develop 819 patents to improve environmental performance.
Canadian Association of Petroleum Producers quotes: Tim McMillan, president and CEO of CAPP
• The joint leaders statement can be viewed here.
• Follow this link for more information on COSIA.
Canadian Association of Petroleum ProducersChelsie Klassen403email@example.com
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