The objective of this research was to better understand the potential for hydrogen production associated with Canada’s offshore oil and gas industry and the role that such production can play in supporting the net zero objectives of Newfoundland and Labrador and Canada.
Building on discussions held at the Carbon Capture, Utilization and Storage (CCUS) Workshop in September, this white paper explores technical, economic, and policy considerations related to advancing the technology and its application in the Newfoundland and Labrador context.
This white paper is a product of The Net Zero Project. The Net Zero Project was formed by Energy NL, econext, and OilCo in early 2022 with a primary objective to ensure the long-term sustainable future of the Newfoundland and Labrador’s offshore oil and gas industry by embracing and analyzing lower-emission pathways in line with broader provincial and national objectives of achieving net zero by 2050.
This work will help stakeholders gain an understanding of what deliberate interventions related to clean tech were made (by leading global jurisdictions) to foster innovation, attract investment, diversify the supply chain, and enhance long-term environmental performance within the industry. This is compared to the regulatory and innovation support ecosystem in Atlantic Canada, and a series of recommendations are made to drive and/or enable clean growth within the local industry.
This research compiled and thematically represented the R&D and innovation capacity of Canada’s offshore oil and gas industry as it relates to clean technology. This included an identification of areas of strength or emerging strength in the Atlantic region (e.g. by specific subject matter and/or collective capabilities) that could be leveraged to drive clean growth within the industry.
Understanding the related emerging requirements and expectations for supply chain participants will help ensure the competitiveness of firms in Atlantic Canada – or help local firms gain a competitive advantage. This is important from both the perspective of firms maintaining their market share in domestic oil and gas supply chains, and for firms engaging internationally.
