New Oil and Gas Sector Emissions Reduction Fund Helps Economy and Environment
Survey results
We heard from industry, experts, and the public , including exploration and production businesses; oil and gas field services and equipment providers; processing, consulting, and engineering firms; research and development; midstream operations; and provincial and federal regulators.
Among the key findings are:
- Implementing methane emissions reduction projects is a priority for most respondents, including SMEs and large corporations.
What is your company’s primary business?
Text Version
What is your company’s primary business?
Answer choices and corresponding percentage of responses
Other: 30.1%
Exploration and production: 33%
Pipelines or storage: 7.8%
Oil or gas field services or equipment: 27.2%
Offshore exploration and production: 1.9%
- A third of companies had previously accessed a provincial methane program.
Has your company accessed a provincial methane program?
Text Version
Has your company accessed a provincial methane program?
Answer choices and corresponding percentage of responses
Yes: 66.5%
No: 33.6%
- Most of those projects will be implemented in three- to six-months.
Within what time frame will you be ready to initiate your project(s)?
Text Version
Within what time frame will you be ready to initiate your project(s)?
Answer choices and corresponding percentage of responses
0-3 months: 37.5%
4-6 months: 21.3%
7-9 months: 9.4%
10-12 months: 6.3%
More than 12 months: 13.1%
N/A: 12.5%
- Companies are prioritizing their investments to meet methane reduction targets
Of the following, which are your short-term priority areas of investment?
Text Version
Of the following, which are your short-term priority areas of investment?
Answer choices and corresponding percentage of responses
Making capital investments to meet methane reduction targets: 48.2%
Making capital investments in ‘best available technology’ to exceed methane reduction targets: 48.8%
Making capital investments in monitoring technology: 26.5%
Making capital investments to address emissions other than methane: 38.9%
None: 6.8%
N/A: 11.7%
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