A dozen oil sands producers, including some of the world's biggest energy producers, have agreed to a broad new information-sharing agreement that sweeps away numerous intellectual property rights in the name of advancing environmental performance in north-eastern Alberta.
The group has formed “Canada's Oil Sands Innovation Alliance,” or COSIA, to spread research and technology development in several key areas of environmental performance. Those areas include greenhouse gases, land disturbance, water, air emissions and management of tailings, the toxic effluent produced by oil sands mines.
It is an “ambitious and perhaps unprecedented sharing of intellectual property around environmental technologies,” said one person familiar with the plans.
The group's members, together, produce the vast majority of crude flowing from the oil sands. They are BP PLC (BP-N47.840.681.44%), Canadian Natural Resources Ltd. (CNQ-T37.410.681.85%), Cenovus Energy Inc. (CVE-T38.950.491.27%), ConocoPhillips Co. (COP-N78.221.672.18%), Devon Corp. (DVN-N74.130.821.12%), Imperial Oil Ltd. (IMO-T47.420.130.27%), Nexen Inc. (NXY-T20.570.401.98%), Royal Dutch Shell plc, Statoil ASA, Suncor Energy Inc. (SU-T35.840.220.62%), Teck Resources Ltd. (TCK.B-T39.56-0.06-0.15%) and Total S.A.
The group has formed “Canada's Oil Sands Innovation Alliance,” or COSIA, to spread research and technology development in several key areas of environmental performance. Those areas include greenhouse gases, land disturbance, water, air emissions and management of tailings, the toxic effluent produced by oil sands mines.
It is an “ambitious and perhaps unprecedented sharing of intellectual property around environmental technologies,” said one person familiar with the plans.
The group's members, together, produce the vast majority of crude flowing from the oil sands. They are BP PLC (BP-N47.840.681.44%), Canadian Natural Resources Ltd. (CNQ-T37.410.681.85%), Cenovus Energy Inc. (CVE-T38.950.491.27%), ConocoPhillips Co. (COP-N78.221.672.18%), Devon Corp. (DVN-N74.130.821.12%), Imperial Oil Ltd. (IMO-T47.420.130.27%), Nexen Inc. (NXY-T20.570.401.98%), Royal Dutch Shell plc, Statoil ASA, Suncor Energy Inc. (SU-T35.840.220.62%), Teck Resources Ltd. (TCK.B-T39.56-0.06-0.15%) and Total S.A.