Abu Dhabi National Energy Company PJSC (ADX:TAQA) has hired advisors to sell its entire oil and gas producing assets in Canada as part of a drive to reduce the company’s carbon footprint, sources familiar with the matter told Reuters on September 29,2021. The company’s decision to make a total exit from Canada comes after it announced a review of its onshore and offshore oil and gas assets this month, spread across Canada, Netherlands, the United Kingdom’s North Sea and the Kurdistan region of Iraq. The company is seeking to expand its electricity generation business, while reducing the carbon emissions by selling fossil fuel assets. TAQA is working with Tudor, Pickering, Holt & Co (TPH) and Jefferies for its Canadian asset sales, launched September 2021, the sources said. The company will make confidential information presentations to interested parties in October, according to a sale document reviewed by Reuters. The sources requested anonymity as the sale discussions are confidential. TAQA, TPH and Jefferies did not immediately respond to a Reuters request for comment.