Canada’s ambitious plan to utilize geothermal energy could help save its economically-dependent oil sands. The project was established to curb greenhouse gas emissions in oil production while demand for the energy source is still high. Demand for oil and gas is up, as we are seeing increased shortages globally, forcing the world’s oil-producing countries to ramp up production. In Canada, a renewable energy trend could lend itself to the oil and gas industry, with the potential for geothermal energy to help oil sands to thrive for another 30 years. Ongoing feasibility studies could provide a way for Canada to reduce its carbon emissions in line with Paris Agreement and COP26 expectations without curbing its oil production. Canada’s Oil Sands Innovation Alliance (COSIA) has partnered with Eavor Technologies Inc. and C-FER Technologies to conduct an assessment on the potential for using geothermal energy rather than natural gas to heat water […]