A major Alberta utility is cancelling a large wind power project because of new government rules on where such developments can be built.CEO John Kousinioris says the 300-megawatt Riplinger project near Cardston in southern Alberta will no longer proceed.
Kousinioris told a conference call to analysts that the reason for the decision is the provincial government’s rules that create a buffer zone around protected areas and block development in what it calls pristine viewscapes. TransAlta is also placing three other developments on hold as the government goes through a redesign of the province’s electricity market.Electricity generator Capital PowerWednesday it was cancelling plans for a $2.4-billion carbon capture and storage project for its natural gas facilityCEO Avik Dey said the cost of the project was too high and the regulatory environment around it too uncertain to justify going ahead.
Government Project Development Kousinioris Transalta Cardston Decision Alberta Edmonton Transalta
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TransAlta cancels wind power project over new government rules on developmentCALGARY — A major Alberta utility is cancelling a large wind power project because of new government rules on where such developments can be built. TransAlta...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
TransAlta cancels wind power project over new government rules on developmentA major Alberta utility is cancelling a large wind power project because of new government rules on where such developments can be built.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Apple bulls raise price targets after buyback announcementWall Street analysts are raising their price targets on Apple (APPL) shares after the tech giant exceeded earnings expectations and announced the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks jump after April jobs data, Apple buyback announcementUS equity markets (^DJI, ^IXIC, ^GSPC) hold onto the gains it started Friday's session with, the Dow Jones Industrial Average closing 450 points higher and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
B.C. police to make 'significant' announcement on killing of Sikh activist NijjarSURREY, B.C. — Homicide police in British Columbia say they will be providing a 'significant update' on the killing of Sikh activist Hardeep Singh Nijjar, amid reports that arrests have been made in the case.
Source: sudburydotcom - 🏆 6. / 89 Read more »
B.C. police to make 'significant' announcement on killing of Sikh activist NijjarSURREY, B.C. — Homicide police in British Columbia say they will be providing a 'significant update' on the killing of Sikh activist Hardeep Singh Nijjar, amid reports that arrests have been made in the case.
Source: timescolonist - 🏆 15. / 75 Read more »