Mississauga, ON -- (SBWIRE) -- 02/05/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Questor Technologies Buys ClearPower Systems.”
Companies mentioned in this article include Questor Technologies Inc. (TSX-Venture:QST), Exxon/Mobil (NYSE:XOM), TransCanada Pipelines (TSX:TRP) and Royal Dutch Shell (NYSE:RDS.A).
According to Verdantix Critical Moments, the U.S. oil and gas industry is spending an increasing amount of money on environmental remediation and pollution control and prevention. The firm’s recent analysis, which covered 87 energy companies with sales in excess of $1 billion annually, found the companies cumulatively spent $5.4 billion in 2012 in sustainability spending, with the figure expected to grow at a compound annual growth rate of 4 percent through 2017. Don’t think that big energy is just doing a good deed on their own for Mother Earth, as most of the efforts are likely the result of government agencies cracking down on pollution.
Whatever the forces, the initiatives play nicely into the hands of companies like Questor Technologies Inc. (TSX-Venture:QST), a designer and manufacturer of high efficiency waste gas incinerators that it rents or sells, along with offering other combustion-related oilfield services. Questor incinerators have been tested by majors, such as Exxon/Mobil (NYSE:XOM), TransCanada Pipelines (TSX:TRP) and Royal Dutch Shell (NYSE:RDS.A) and have earned the approval of the Alberta Energy Utilities Board after showing that they provide up to 99.99-percent combustion efficiency without any particulate matter, poly-nuclear aromatic hydrocarbons (PAH's) or unburned hydrocarbons, according to the company’s website.
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