Tuesday, December 17, 2013

Patent  Laws Play Key Role in Fuelling Oil Patch R&D

Financial Post  December 16, 2013

Approximately 2.2 million patents have been filed over the past century in Canada on inventions ranging from a machine to measure liquids by a Mr. W. Hamilton (granted in 1869), to a process for extracting bitumen from lower quality oil sands by Syncrude Canada (still in approval process). To be precise, a patent is a right, granted by the government, to exclude others from making, using or selling your invention in Canada, according to the Canadian Intecllectual Property Office. Under the agency, dozens of oil and gas companies have patent applications, such as Suncor Energy, with 116 patents, Japan Canada Oil Sands with three and Imperial Oil a whopping 410 patents files with the federal agency. Beware of being miserly with one's invention, he cautioned.  Inventors and companies can be charged with patent abuse by not making the invention available on a commercial scale in Canada without adequate reason.