Millions announced in Alberta for 6 projects to reduce greenhouse gas emissions

A tarsands mine facility along the Athabasca river as seen from a helicopter near Fort McMurray, Alta., July 10, 2012.THE CANADIAN PRESS/Jeff McIntosh

July 12, 2012 - 11:50 AM

EDMONTON - A non-profit corporation created by the Alberta government has announced $46 million for six projects designed to reduce greenhouse gas emissions.

The Climate Change and Emissions Management Corp. says the total value of the projects is $327 million.

The companies involved include Cenovus Energy (TSX:CVE), Husky Energy (TSX:HSE), Imperial Oil (TSX:IMO), Inventys Thermal Technology, MEG Energy (TSX:MEG) and N-Solv.

Alberta Environment Minister Diana McQueen says the projects show the province is working to reduce greenhouse gas emissions.

The $46 million comes from an account that is funded by companies that produce high levels of carbon dioxide.

News from © The Canadian Press, 2012

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