Ann: MOU FOR LOW-CARBON HYDROGEN PRODUCTION PROJECT IN CANADA, page-41

The oil and gas industry have done a wonderful job of ignoring the elephant in the room, which is Hazer and methane pyrolysis in general. It is a solution they wanted on hand, but did not want to use until it was profitable to do so. It seems that our Canadian friends have broken ranks. The companies concerned desperately need to clean up their carbon foot prints, and would seem determined to expedite this project, so I don't think this is just another MOU.

A key aspect of this agreement which is :

" As part of the project collaboration, Suncor, FortisBC and Hazer have committed to enter negotiations for a Technology Access Agreement under which Suncor and FortisBC will have exclusive access to the HazerTechnology for further development and deployment in Canada and the state of Colorado (USA) ...",

is likely to interest or concern other gas companies. Clearly if your competitor has exclusive use of a technology critical to preventing your investment from becoming a stranded asset you are going to be in serious trouble. This exclusivity could create a FOMO amongst other gas companies and lead to more agreements and projects being committed to. Also because the exclusivity is geographically limited, it is not much for Hazer to give away but highly significant to the recipients who are based in these areas.