
New technology is critical to reducing greenhouse gas emissions cost effectively. Promising technologies such as clean coal technologies and carbon capture and storage are extremely expensive and risky, and will require cost-sharing agreements between industry and government to move forward.
In the 1980s, the Alberta government partnered with industry to invest $2 billion in oil sands research through the Alberta Oil Sands Technology Research Authority. This investment helped bring technology to market that lowered the costs of producing synthetic crude, making oil sands development feasible.
It's time for another bold initiative, this time aimed at overcoming our environmental challenges through energy research and development.
Building momentum for the transformation will require a massive investment in technology and infrastructure, and the Chamber has consistently recommended the creation of a new Research in Energy Futures Innovation and Technology (REFIT) endowment fund.
| June 30, 2010 | Entrepreneur aims to turn carbon dioxide from pollutant to economic driver |
| June 30, 2010 | Alberta tech fund boss: Technology key to clean energy future |
| May 28, 2010 | Changing The Climate initiative launched with Lochman event |
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