Chevron Canada is joining an industry investment fund that will promote cleantech innovation and improve environmental performance and greenhouse gas reductions in Canada’s natural gas energy system.
Chevron Canada’s participation in the Natural Gas Innovation Fund (NGIF) was announced at a media event in Calgary on December 20, 2018, attended by key industry players, as well as representatives of the governments of Canada, Alberta and British Columbia.
“Technology plays an important role in helping Chevron deliver affordable and reliable energy. Chevron embraces ingenuity and is pleased to support the Natural Gas Innovation Fund and its efforts to advance technology that fuels human progress and economic growth,” Frank Cassulo, president, Chevron Canada, said in the NGIF press release.
The NGIF will operate under the auspices of the Canadian Gas Association. Industry participants, including Chevron Canada, will provide financial support and oversight of the fund, which will screen applicants using a Dragon’s Den-style approach.
A total of $3 million has been earmarked for the first round of funding. Successful applicants may also qualify for federal/provincial funding.