FORT ST. JOHN, B.C – B.C has funded 11 oil and gas projects in the Peace region to assist in reducing over 300,000 tonnes of emissions over the next decade.
Operators in the region have received over $7 million out of $33 million through the province’s 2019 and 2020 CleanBC Industry Fund. The province announced Friday it is now accepting a new round of applications for 2021 while also setting emission targets. The province plans to reduce emissions in the oil and gas sector by 33 per cent to 38 per cent by 2030.
“British Columbia is leading the way forward in Canada by setting sectoral targets that will help increase accountability and clarity for each sector, as we work together to reach a world of net-zero emissions,” said Colleen Giroux-Schmidt, vice-president of corporate relations, Innergex Renewable Energy Inc., and co-chair, B.C.’s Climate Solutions Council. “By investing in new opportunities to reduce emissions through cleaner technologies and energy efficiency, B.C. can build a better future that supports people in communities across the province.”
The province also looks to reduce emissions in the industry sector by 38 per cent to 43 per cent, buildings and communities by 59 per cent to 64 per cent, and transportation by 27 per cent to 32 per cent.
To date, operators in the Peace region have received funds for methane capture and reduction, waste heat recovery, and fuel switching projects.
The following projects have received funding in the region:
The fund uses a portion of the carbon tax revenue paid by industry to fund emission-reducing projects.
To be eligible for funding, applicants must have emissions of over 10,000 tonnes of carbon dioxide equivalent per year.