David Yager, an oil and gas industry entrepreneur since 1979, has put together an excellent article in ‘Research Money’ around the benefits of modern geothermal technologies such as Eavor and others using existing oil and gas expertise and assets in the development of clean energy.
“Extracting energy from the earth is hardly new. Starting centuries ago, humans have powered society and advanced civilization by exploiting coal, petroleum, natural gas, steam and hot water.
Now one of western Canada’s most promising renewable energy opportunities will be the redeployment of the existing oil and gas industry knowledge, assets and personnel to an entirely new source of heat and electricity.
It is time for proponents of decarbonization to embrace western Canada’s oil industry as an asset, not a liability.”