Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
During her annual state of the province speech, Alberta Premier Rachel Notley said that before the end of the year her government will roll out specifics of its plan to phase out coal-fired electricity.
The project, which is part of a larger climate-change plan outlined in 2015, will include financial help to coal emitters closing their plants and transitioning to cleaner forms of power.
“And we will set out more detail on how we will promote the construction of clean, renewable energy — wind, solar, thermal and hydropower — efficiently, economically and without undue subsidy,” Notley said.
The premier has promised to end coal-fired electricity generation by 2030. Her administration’s strategy also includes a broad-based carbon tax whose implementation starts in January and is expected to bring in around $3 billion.
The tax will increase gas prices at the pump and home heating bills, although lower- and middle-income earners will receive partial or full rebates.
3 Comments
Kaypay
Hey, Rachel”…Ask Ontario how that worked out. Only the highest electrical rates in North America and more unemployed.
lightupajointwithjustin
Man!!!! does she ever look “ridden hard and put away wet” !!!!!!
patentbs
Will the 3 billion from 3 million residents got to the party hack retirement fund? At a time we should be looking to NEW innovation we look to return to the old and use the public pocket to pay for it.
Everything has a footprint. Set a carbon dioxide limit per kw of power and let the market decide how to respond.
The queen of stupid just outlawed home heat with natgas. and the princess of dumb is trying to keep up. Maybe Alberta can buy power from Quebec too.