COSIA wins Deals of Distinction Award for creation of Greenhouse Gases EPA

COSIA has been awarded the Licensing Executives Society (U.S.A. and Canada) Deals of Distinction™ Award for the for the Chemicals, Energy, Environment and Materials (CEEM) Sector for the development of the Joint Venture Agreement (JVA) that 12 of COSIA’s 13 member companies entered into to establish the Greenhouse Gases (GHG) EPA.

The GHG JVA structure is unique in that it allows collaboration between the major oil sands operators on improvements in environmental performance by focusing on technology innovation in areas of common interest and reduces barriers to technology implementation by sharing of intellectual property rights. Each member of the GHG EPA contributed a number of technologies that fell within the scope of the GHG EPA JVA and each granted various rights to these technologies to the GHG JVA members. Contributions from members included contributed technology (data, technical reports, field test data, etc.) relevant to the GHG EPA, an immunity from suit to the background intellectual property (IP) related to their contributed technologies or their sponsored Joint Industry Projects (JIP’s), and financial contribution to help fund ongoing JIP’s.

Read more about the Awards and COSIA’s GHG EPA JVA.