The Canada-based energy companies will each provide $50m in the next 10 years to a fund called Evok Innovations, which will fund cleaner oil and gas technology.

Canada-based energy companies Cenovus Energy and Suncor Energy committed up to $100m yesterday to a fund called Evok Innovations that will support developers of innovative oil and gas technology.

Cenovus and Suncor will each provide up to $50m for the fund over the next 10 years, investing in early-stage companies working on technology that can improve the scale, diversity and quality of innovation in the oil and gas industry.

Evok will in particular look to fund the development of low-impact…