Patent laws span every industry and market, and as new inventions mark the advancements in certain types of technology, the competition for patents in specific fields becomes all the more aggressive. The Canadian energy industry is no exception. Reports note that hundreds of patents exist for varying companies within the energy field of the largest country in North America. And as the market for energy patents increases, the Canadian Oil Sands Innovation Alliance (COSIA) has its work cut out for it.
The 13 members of the oil sands producers collaborate to preserve developments and technological advancements for the production of oil with 560 technologies to date. With such a burgeoning industry -- particularly as global concern for the environmental impact of oil increases as climate talks and international groups focus on bettering the greener developments of energy resources -- COSIA faces legal challenges creating agreements that do not infringe on intellectual properties.