TransCanada invests in R&D to encourage environmentally beneficial technologies and techniques. The pipelines, oil and gas storage facilities and power plants owned and operated by TransCanada are among the most technologically advanced in the industry.
TransCanada’s development of the Two-Stage Supersonic Ejector exemplifies an R&D success in reducing emissions and is also an environmental initiative which has generated additional revenues for the company. The system, which TransCanada patented, has been licensed to a third-party manufacturer from which we receive royalty payments. TransCanada has received a number of prestigious awards for developing this innovative device that fits into compressors to capture and recycle 100 per cent of the fugitive emissions that would have been normally vented into the atmosphere, thus reducing greenhouse gas emissions and increasing energy efficiency.
TransCanada has played a key role in advancements related to reducing the environmental impacts, not only of our own activities but across the industry.
In 2014, the most recent year for which data is available, TransCanada recorded a savings of $6.8 million from environment-related R&D initiatives which, in addition to providing a cost savings to TransCanada, significantly reduced our impact on the environment.
These initiatives include: