Up to $131 million from the TIER funding is being invested into Alberta’s Industrial Energy Efficiency and Carbon Capture Utilization and Storage (IEE CCUS) program, which helps industries save money and cut emissions through technology and equipment upgrades.
Seven projects will receive more than $100 million in IEE CCUS program funding, which will support an estimated 2,200 jobs and cut about 2.9 million tons of emissions by 2030 – the same as taking about 70,000 cars off the road each year.
MLA for Chestermere-Strathmore, Leela Sharon Aheer, explained that she is excited to see what these funds can do for environmental sustainability and the jobs it will create in the area.
“There is going to be $100 million of that going to be funding projects like upgrading engines at natural gas facilities because that reduces the fuel consumption rate or converting wasted heat generators intermissions to free electricity at another gas plant. It actually upgrades their electricity, so they're able to use some amazing technology that is happening in order to reduce our environmental footprint.”
Investment in the IEE CCUS program is part of the government’s $750-million spend from the TIER fund and other public funding to support up to 8,700 jobs, inject $1.9 billion into Alberta’s economy and cut about six million tons of emissions each year.