The oil and gas sector has long suffered a negative reputation — traditional extraction and production methods have contributed heavily to Canada’s carbon footprint through the emission of methane gas and other air pollutants — but exploration and production (E&P) companies and cleantech startups are working to fix this.
E&P companies have been actively reducing their methane emissions with clean technology solutions. Canada’s cleantech industry now ranks fourth-highest globally and first in the G20. In January, the Canadian government pledged to invest $700 million in cleantech over the next five years. Canadian cleantech businesses were already booming, accounting for 3.1 per cent, or $59.3 billion, of our GDP.Read More