NEIA supportive of investments into lowering emissions in Canada’s offshore oil and gas industry

For Immediate Release
May 6, 2021

(ST. JOHN’S, NL) – The Newfoundland and Labrador Environmental Industry Association (NEIA) congratulates recipients of the Emissions Reduction Fund – Research, Development, and Deployment component.

Sixteen projects are receiving a total of $24.4 million from Natural Resources Canada, managed by Petroleum Research Newfoundland and Labrador (PRNL), to investigate how to reduce greenhouse gas (GHG) emissions from Canada’s offshore oil and gas operations.

“We believe that the pursuit of net zero within the offshore oil and gas industry will help drive innovation and economic growth for Newfoundland and Labrador,” said Kieran Hanley, NEIA’s Executive Director. “We were happy to see that NEIA members were included in the announcement and congratulate all of the recipients on their efforts to improve the environmental performance of this important industry.”

Hanley said that NEIA was particularly pleased to see projects funded that build on the research it completed in a collaboration with Noia this past Fall. “NEIA and its partners worked hard to help decision-makers better understand opportunities around electrification and offshore wind related to the oil and gas industry,” he said, “and seeing major investments that are further investigations of these ideas validates the work that industry associations were able to do in this regard.”

Related:

NEIA, in partnership with Noia and the Canadian Association of Petroleum Producers (CAPP), is hosting an event next week that will continue the exploration of low-carbon offshore oil and gas. “We are going to learn about international trends in this space and do a deeper dive on some of the projects announced this week by PRNL,” said Hanley. More information on this event can be found at: https://neia.org/low-carbon.

In the meantime, Hanley said that a discussion is required on what happens next. “The Emissions Reduction Fund represents one of the largest clean technology investments our province has ever seen – we need to build on the momentum that it has helped create to shape Newfoundland and Labrador’s clean growth future.”

NEIA is a not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy in Newfoundland and Labrador. NEIA has over 200 members. More information can be found at https://neia.org.

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Media Contact
Kieran Hanley, Executive Director NEIA
kieran@neia.org