Sumitomo Americas and Invest Alberta Join Forces to Drive Clean Energy Development in Alberta

By Editor


Sumitomo Corporation of Americas and Invest Alberta have forged a significant partnership, marked by the signing of a Memorandum of Understanding (MoU), aiming to bolster clean energy initiatives across Alberta, Canada.

This collaborative endeavor is poised to act as a catalyst in advancing energy transition opportunities within the province, leveraging Alberta’s advanced regulatory framework focused on emissions reduction and its attractive incentives for new project development.

Tomonori Wada, CEO of Sumitomo Corporation of Americas, expressed enthusiasm about collaborating with Invest Alberta and regional partners, acknowledging Alberta’s conducive environment for businesses dedicated to transitioning toward a carbon-neutral society. Wada highlighted the importance of contributing to Alberta’s pivotal goals and being an integral part of this transformation.

Alberta’s Minister of Energy and Minerals, Brian Jean, emphasized the province’s leadership in responsible energy production and emission reduction. He welcomed the signing of the MoU between Invest Alberta and Sumitomo as a positive step, affirming the commitment to maintain Alberta’s status as an optimal place for living, working, and fostering families.

Rick Christiaanse, CEO of Invest Alberta, echoed the sentiment of collaboration, expressing eagerness to collaborate closely with Sumitomo. He emphasized leveraging Sumitomo’s expertise and global network to advance clean energy initiatives, aiming to achieve net-zero goals collaboratively.

Sumitomo has actively initiated partnerships in Alberta to expedite energy transition projects. Recently, Sumitomo and Reconciliation Energy Transition announced Sumitomo’s rights to acquire a significant equity stake in the East Calgary Carbon Transportation & Sequestration Project.

Image: Left to right: Tomonori (Tom) Wada, CEO, Sumitomo Corporation of Americas and Keith Bradley, Chief Operating Officer, Invest Alberta

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