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Share this article ST. JOHN S, 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 O Regan Jr., with Dave Finn, CEO of Petroleum Research Newfoundland and Labrador (PRNL), announced project recipients of the Emissions Reduction Fund s Offshore Research, Development and Demonstration (RD&D) program. Sixteen offshore RD&D projects will receive a total of $24.4 million to innovate emissions reduction technology in the Newfoundland and Labrador offshore oil and gas industry. Funded by Natural Resources Canada and managed by PRNL, the projects include companies that facilitate research, technology development and innovation for Canada s offshore. They explore ways to decarbonize offshore operations, including drilling, production and transportation. 

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