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Air Quality Improvement and Climate Change Partnerships

The oil and natural gas industry continues to make progress toward improving air quality and limiting greenhouse gases by reducing these emissions from their own operations and by enabling energy consumers to use hydrocarbon fuels more efficiently. Partnerships within the industry – and with other industries, government agencies and academic institutions – are essential to future progress. ExxonMobil recently announced an investment of $100 million in Stanford University's groundbreaking Global Climate and Energy Project (C-CEP) that unites researchers with private industry to find new commercially viable technologies that can substantially reduce greenhouse gas emissions. This 10-year project, with total anticipated investments of $225 million, is cosponsored by a prominent group of global companies including GE, Toyota, and Schlumberger. Several global energy companies, including ChevronTexaco, BP, Shell, Statoil, and Suncor Energy recently joined forces in a CO2 Capture Project (CCP) to capture carbon dioxide from combustion sources and to develop technology that safely sequesters it in geologic formations. Petro-Canada is a founding sponsor of a new Internet project with the Pembina Institute for Appropriate Development that provides quality, one-stop shopping website for practical steps that Canadians in all sectors can take to reduce greenhouse gas emissions. As part of these activities to limit GHG emissions, the API recently published the new Compendium of Greenhouse Gas Emissions Estimation Methodologies for the Oil and Gas Industry that provides calculation procedures for estimating GHG emissions that cover the full range of oil and gas industry operations.