Saturday, November 26, 2016

Alberta Reaches $1.36B Deal to Shut Down Coal Plants

From left, Deputy Premier Sarah Hoffman, Shannon Phillips is the Minister of Environment and Parks and the Minister Responsible for the Climate Change Office.and Marg McCuaig-Boyd, Energy Minister. The Alberta government outlined their plan to move away from coal fired electricity at the Federal Building in Edmonton on November 24, 2016. Photo by Shaughn Butts / Postmedia Stuart Thomson Story For a Stuart Thomson/CP story running in the Sun and Journal. (Credit: Shaughn Butts / Edmonton Journal) Click to Enlarge.
The Alberta government will pay three coal power producers more than $1 billion over the next 14 years to compensate them for shutting down their plants early as part of its climate change agenda.

The province said it is also nearing the end of negotiations over power contract disputes that led to a controversial lawsuit, having reached three agreements with companies, though two are tentative.

Talks with a fourth player, Calgary-based public utility Enmax, are ongoing.  The deals are the latest in a series of changes the NDP government has made to Alberta’s energy landscape to cut greenhouse gas emissions and produce cleaner power.

Read more at Alberta Reaches $1.36B Deal to Shut Down Coal Plants

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