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moves money BetaKit July 08, 2026

Alberta invests $37 million into advanced drilling technology

Alberta invests $37 million into advanced drilling technology
AI Summary

Alberta is investing tens of millions across multiple continents to advance drilling technology in oil and gas, geothermal, and critical mineral development. The news: Alberta is investing $37 million through Emissions Reduction Alberta (ERA) to support innovation in drilling technology. Announced yesterday at Platform Calgary , the funding will support 10 projects spanning oil and gas, geothermal, and critical mineral development.

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