Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Lifestyles
Classified Sites

The Canadian Press - ONLINE EDITION

COSIA 'very close' to establishing GHG targets, Suncor boss says

CALGARY - The CEO of Suncor Energy says a technology-sharing alliance of oilsands players is very close to setting greenhouse gas reduction goals for its members.

Steve Williams says the Canadian Oil Sands Innovation Alliance, or COSIA is within "days or weeks" away from firming up the standards.

He says as a first step, it's likely COSIA members will strive to be at least as efficient as other oil sources.

Earlier, Suncor and GE announced up to $18 million in investment for projects that are meant to cut greenhouse gas emissions and water use in the oilsands.

The companies say $5 million is going toward an existing water treatment pilot project at Suncor's MacKay River project in northern Alberta and six COSIA members have signed a memorandum of understanding to spend up to another $13 million to develop new technologies.

Williams says Suncor (TSX:SU) spends about $200 million per year on research and development and that a substantial amount of that can be shared through COSIA.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media