Emissions Reduction Alberta (ERA) has committed $50m worth of funding to support oil sands innovators who can help industry reduce greenhouse gas emissions in Canada and increase the cost-effectiveness of bitumen production.

Through its oil sands innovation challenge initiative, ERA looks to support the recommendations submitted by an expert panel, the Oil Sands Advisory Group (OSAG), to the government.

ERA CEO Steve MacDonald said: “ERA knows that improving both environmental and cost competitiveness is key to the continued success of Alberta’s energy sector.

“We have worked with our industry partners to identify the gaps that technology can close, and developed this funding opportunity to help accelerate the demonstration, scale-up and deployment of the most promising solutions.”

In order to develop the funding programme, ERA worked with the Government of Alberta, Canada’s Oil Sands Innovation Alliance (COSIA), Alberta Energy Regulator (AER), Canadian Association of Petroleum Producers (CAPP), and others.

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"This is a timely investment that will pay huge dividends in strengthening our province’s position as a leader in responsible energy development."

Government of Alberta Energy minister Margaret McCuaig-Boyd said: “This is a timely investment that will pay huge dividends in strengthening our province’s position as a leader in responsible energy development.”

The innovation challenge focuses on breakthrough technologies for surface mining, as well as in situ operations that are now ready to go to a field pilot, demonstration or first-of-kind deployment.

It intends to reduce both greenhouse gases and production costs by investing alternative steam generation methods, advanced reservoir production technologies and novel surface mining processes.

ERA is a not-for-profit organisation that receives grants from the Province of Alberta to carry out its activities.

Image: The Athabasca Tar Sands in Alberta, Canada c. 1900-1930. Photo: courtesy of Government of Canada via Wikipedia.