Colorado Bans Gas-Powered Pneumatics
A new rule in Colorado will require oil and gas operators to use electric pneumatics or instrument air, eliminating emissions from pneumatic controllers. The rule applies to all existing, modified, and new sites. This rule is the first of its kind in North America and may signal similar regulations elsewhere. Read more here.
GoA Seeks Delivery Agent for $17MM Methane Tech Program
The Government of Alberta is now accepting proposals to deliver the Alberta Methane Emissions Program (AMEP). The successful delivery agent will administer $17MM from the TIER fund towards testing new methane measurement technologies. Applications are due March 7th and the program is set to launch by June 1st 2021. For more information or to apply, click here.
OGCI States Position on Methane Policies
The Oil and Gas Climate Initiative (OGCI) has released a series of position papers describing proposed policies for reducing methane emissions from oil and gas, scaling up carbon capture, utilization, and storage (CCUS), adopting natural climate solutions, mechanisms to value carbon, and more. Read more here.
International Voluntary Methane Reductions Accelerate
Thomas Fox, President at Highwood Emissions Management, wrote an analysis last week in the Daily Oil Bulletin on the rise of voluntary methane reduction initiatives in the US and overseas. The piece reviews the accelerating trend of methane reduction commitments, even in the absence of regulations, and considers implications for Canadian industry. Read the article here.
$300MM to Innovation in Chevron Future Energy Fund
A new $300MM fund launched by Chevron seeks to accelerate clean energy innovation. Their venture fund, called Future Energy Fund II, will target innovations that can improve Chevron’s operations, accelerate digitalization, and lower carbon intensity. Read more here.
Quantifying GHG Emissions from Non-Operated Assets
Jessica Shumlich, CEO of Highwood Emissions Management, recently wrote for the Daily Oil Bulletin on the importance of quantifying GHG emissions from non-operated assets. Click here to read her article and learn more about how companies can get the ball rolling for quantifying Scope 1 emissions from these sites.
Review of the Canadian Federal Output-Based Pricing System
In December 2020, the Government of Canada released Canada’s Strengthened Climate Plan for a Healthy Environment and a Healthy Economy. The federal government is requesting feedback in a number of key areas. Feedback must be received prior to March 29, 2021. Learn more and submit feedback here.
Royal Bank of Canada Moves on Climate
Royal Bank of Canada (RBC) sustainable financing will increase by $500 billion, while targeting net-zero emissions across its lending by 2050 and sourcing 100% of its electricity from renewable sources by 2025. Read more here.
Research: New Methane Sensor is Cheap and Sensitive
A new paper in the journal Optics Express by researchers out of Princeton University describes a novel interband cascade light emitting device that is able to detect methane at mixing ratios as low as 0.1 parts per million. The sensor, which could be produced for less than 100USD, could revolutionize the ability to acquire low concentration measurements from livestock, O&G, and other methane sources. Read more here.
Webinar: Decarbonization, Energy Transition, and O&G Investment
If you want to learn more about how the energy transition will impact O&G portfolios, sign up for this free webinar hosted by GaffneyCline and Evaluate Energy.