Offshore Deployment Program News Today

Share this article ST. JOHNS, NL, May 5, 2021    /CNW/ - The Government of Canada is driving innovation in the Newfoundland and Labrador offshore oil and gas industry to accelerate emissions reduction and achieve net-zero emissions by 2050. Today, the Minister of Natural Resources, the Honourable Seamus ORegan Jr., with Dave Finn, CEO of Petroleum Research Newfoundland and Labrador (PRNL), announced project recipients of the Emissions Reduction Funds Offshore Research, Development and Demo...

From: Natural Resources Canada Today, the Honourable Seamus O’Regan Jr., Minister of Natural Resources, announced that the $750-million Emissions Reduction Fund (ERF) onshore program is on track to cut, in its first year, methane emissions equivalent to 3.1 megatonnes of carbon dioxide, roughly equal to removing 674,000 cars from the road, highlighting encouraging results from the program’s first intake. Reducing emissions from methane, one of the most potent greenhouse gases, is a key par...