CAOEC RELEASES ITS WHITE PAPER: “LEADING COLLABORATION THROUGH THE ENERGY TRANSITION” – Vitality Information for the Canadian Oil & Fuel Business

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“Canadian power service contractors and the 1000’s of employees they signify will assist lead the worldwide power transformation, however they want the right assist to proceed this important work in Canada’s power future,” mentioned Mark Scholz, President and CEO of the Canadian Affiliation of Vitality Contractors (CAOEC).

In a white paper launched as we speak entitled “Main Collaboration By way of the Vitality Transition,” the Affiliation notes that corporations and employees throughout the oil and fuel sector additionally play a number one function in creating Canada’s rising sectors corresponding to carbon seize, geothermal, LNG, vital minerals, helium, hydrogen, and lithium extraction.

“We’re the important thing to the power transition as we’re on the bottom in all sectors, safely creating assets with our technical know-how. However we should make sure that the business stays wholesome. In any other case, we gained’t entice and retain the talents and employees we have to assist rising useful resource sectors,” Scholz mentioned.

To make sure Canada can meet its local weather targets whereas sustaining a strong useful resource sector, CAOEC calls on the federal authorities to assist the business with a refundable tax credit score of as much as 50 per cent to allow the deployment of carbon abatement applied sciences within the power companies sector.

“This may enable us to introduce modern options that may scale back emissions from the sector whereas persevering with to create jobs and alternatives for employees throughout the nation,” Scholz added.

Stephen Buffalo, President and CEO of the Indian Useful resource Council, additionally expressed assist for the paper, emphasizing “the optimistic impacts the drilling and repair rig sector continues to have inside [the] Nations.” The sector employs 1000’s of individuals throughout the nation and is a big employer of Indigenous peoples.

Over the previous seven many years, CAOEC members have launched essential power expertise developments to push business goalposts and encourage innovation to turn out to be best-in-class. The power companies sector is an keen accomplice within the international power evolution and is devoted to creating Canada a pacesetter in advancing carbon abating applied sciences.

“Our Affiliation’s imaginative and prescient is to create the world’s most carbon-efficient and productive drilling rig and repair rig sector,” mentioned Scholz. “We’re on the epicentre of Canada’s power transformation. It’s our folks that may prepared the ground ahead.”

The white paper builds on authorities priorities to assist Indigenous companies and communities, incentivize Canadian innovation, retain and create sustainable jobs, and set up Canada’s power management on a world stage. CAOEC seems ahead to partaking with the Authorities of Canada, power producers, members, business, and different stakeholders to speed up Canada’s emissions discount journey collectively.

To learn the white paper, click on right here.

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About Us

The CAOEC represents 95 drilling rig and repair rig member corporations (almost 100% of the business) on the entrance traces of power safety and transition. The membership operates a fleet of 460 land drilling rigs and 748 service rigs in northeast British Columbia, Alberta, Saskatchewan, and southwest Manitoba, and two offshore drilling rigs working off the coast of Newfoundland.

CAOEC’s members are assorted and various. A lot of our members are small and medium-sized enterprises which have been leaders in creating alternatives for younger folks, Indigenous communities, and middle-class employees.

For additional data, please contact:
Caroline Kadri
Senior Communications Specialist
Canadian Affiliation of Vitality Contractors
Suite 2050, 717-7 Avenue SW Calgary, AB T2P 0Z3
Telephone: (403) 264-4311
E mail: ckadri@caoec.ca

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