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 . Natural Resources Canada announced $2.1 million in funding on Thursday to support a new technology that it says could dramatically reduce methane emissions from oil and gas operations. 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 .
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 .