.png)
The provincial crown corporation tasked with attracting investment to Alberta, Invest Alberta, is partnering with Vancouver-based mCloud Technologies, which leverages AI and analytics to help reduce energy sector emissions. And mCloud announced a memorandum of understanding with Invest Alberta today to move its headquarters to Calgary. Russ McMeekin, president and CEO at mCloud, joins BNN Bloomberg to discuss the business. The Chinese drilling giant recently blacklisted by the U.S. has led efforts to clean up the Canadian oil sands’ image as a global warming culprit. CNOOC Ltd. slashed the rate of carbon dioxide released from its Long Lake oil sands site by a third in the eight years ended 2019, according to a study released last month by the Alberta Energy Regulator. That’s almost three times better than runner-up Cenovus Energy Inc.’s Tucker operations. The Chinese oil explorer has been roiled in recent months after its parent was barred from access to U.S. technology in January over tensions in the South China Sea, leading to CNOOC’s removal from some stock indexes. Its improving environmental performance in Canada, on the other hand, jibes with efforts to help China reduce coal use and move to carbon neutrality by increasing natural gas […]
CamTrader offers a preview only. View original article. www.bnnbloomberg.ca
