Canada’s oil and natural gas industry shares many Canadians’ concern about climate change, and Canadians can count on the industry to do its part for Canada. The industry developed the technology to get the oil out of the sand, and it will seek to develop the technology to take carbon out of the barrel.
We are already on the right track. Canada’s oil and natural gas industry has committed $1 billion to environmental innovation and technology through a 10-year partnership with the Alberta Department of the Environment. And the work is ongoing. In 2013 alone, oil and natural gas companies spent $1.3 billion on research and development.
Over the past 25 years, greenhouse gas emissions from oil sands production have been reduced by 30 per cent. Water use is strictly regulated. The industry is also trying to increase the use of recycled water. And the restoration of land affected by operations remains a priority.
- Canada can lead the world on climate action and become the supplier of choice for energy, both at home and abroad, bringing prosperity to all Canadians.
- Over the past 25 years, Canada’s oil and natural gas industry has reduced greenhouse gas emissions from oil sands production by 30 percent.
- Canada’s oil and natural gas industry has invested over $1.3 billion in new technologies.