Magical transfer

GE’s brains believe is just certainly one of many efforts, often uncoordinated, throughout Alberta. agencies and universities are worried, and so are authorities researchers — just as they have been inside the Nineteen Eighties, while Chhina become running at the taxpayer-funded Alberta Oil Sands technology and research Authority.

large personal-quarter ventures encompass a easy-tech fund co-founded by means of Cenovus and Suncor power Inc., which has installation a easy-tech fund primarily based in Vancouver. Wal van Lierop of Chrysalix venture companions was concerned in that task. He says there’s no want for the enterprise in Canada to depression, due to the fact fossil fuels gained’t disappear overnight: “There’s now not just a magical transfer and then we are inside the hydrocarbon world we preference. There could be a transition period of several decades.”

but he says handiest technology that’s worthwhile in an oil-fee variety of $50 to $65 a barrel is well worth pursuing — and Canada’s not even near the type of mobilization that might require.

“The massive players in Alberta need to at the least triple their efforts in helping innovation,” he stated. “With all due admire, I see a little bit, but it’s incomparable to other industries that went via fundamental transformations.”