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Old energy, meet new energy.
Two new announcements illustrate how Canada’s existing energy system is intersecting with the new energy complex, erasing the line between them.
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Try refreshing your browser, or Varcoe: New Alberta wind farm deal and gas cleantech fund take off, pointing to changing energy future Back to video
On Thursday, supermajor Shell inked a long-term deal to buy power from a new $200-million-plus wind farm to be built northeast of Drumheller by BluEarth Renewables of Calgary.
Separately, a group of natural gas producers, including Tourmaline Oil, ARC Resources and Birchcliff Energy, has joined forces with other energy companies to establish a new $35-million equity fund that will invest in fledgling cleantech businesses.
Varcoe: New Alberta wind farm deal and gas cleantech fund take off
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Itâs shaping up to be a positive start to the trading week with a slew of factors stoking investor optimism. The worldâs most ambitious vaccination campaign is picking up momentum as the first batch of Pfizer-BioNTech doses against COVID-19 arrived in Canada yesterday evening and the U.S. Food and Drug Administration authorized emergency use late Friday. Meanwhile, hope is still alive for fiscal aid in the United States, with a US$908-billion bipartisan proposal expected to be unveiled today. And yet another Brexit-related deadline has come and gone as the U.K. and European Union agreed to extend trade talks beyond yesterdayâs deadline â which is propelling the British Pound higher today. But all of those are complicated files; how cautious should investors be about the risk of setbacks? Weâll gather insight from market professionals and medical experts.