canada goose Article Sidebar Share CloseShare this Story: Opinion: Alberta can gain from creating new methane emission rules Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrArticle contentWhat if we could reduce air pollution, achieve our climate targets more cost effectively and create thousands of high paying jobs in a single step? It may sound too good to be true, but it’s a real opportunity we could seize right now by immediately implementing best practice regulations to reduce methane emissions from the oil and gas sector in Alberta.Methane is a powerful greenhouse gas, 84 times more potent than carbon dioxide over a 20 year time frame, which is why jurisdictions such as Colorado, California and Pennsylvania are requiring oil and gas companies to ratchet down these emissions by taking a wrench to leaking valves, pumps and other methane leaking equipment.Article content continuedIn Alberta, a growing methane reduction industry is also finding that new technologies and approaches pay dividends for clients by recovering serious quantities of previously wasted gas and ensuring equipment remains in a state of good repair.According to an economic analysis of methane emission reduction opportunities, the methane gas that industry is currently releasing in Alberta is estimated to be worth $67.6 million on the energy market and could heat more than 200,000 Alberta homes.Article content continuedThe report shows the business of regularly inspecting equipment for leaks, undertaking repairs, replacing equipment and redesigning systems to reduce venting could generate 1,500 jobs a year in the oilpatch. A recent industry survey found a large majority of companies in the methane reduction sector in Western Canada are poised for growth, and hiring, but need the Alberta government to kick growth into high gear by recognizing the need for immediate action to reduce methane.This advertisement has not loaded yet, but your article continues below.Article content continuedThat could be true of our governments as well. How else to explain the focus on costly solutions such as carbon capture and storage, and the lack of recognition of the direct cost in lost royalty payments from letting methane leak? There are also the health costs associated with the air pollutants and cancer causing substances such as benzene that are released alongside methane..
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