The Motion Technologies Canada has been granted CAD2.1 million ( $ 1.6 m ) in funding from Natural Resources Canada to develop an electric valve system that could reduce oil and gas companies ' methane emissions by up to 3.3 million mt in five years . The Petroleum Technology Alliance Canada , which is supporting the project , said the system could help the industry meet its 50 % emissions reduction target by 2025 .
Linear Motion Technologies Canada has been granted CAD2.1m ($1.6m) in funding from Natural Resources Canada to develop an electric valve system that could reduce oil and gas operations' methane emissions by up to 3.3 million mt in five years. The Petroleum Technology Alliance Canada, which is supporting the project, said the system could help the industry meet its 45% methane reduction target by 2025.