Newmont sells Éléonore mine in Quebec for $795m
The miner said the deal and other 2024 sales will raise $3.6 billion.
Saskatchewan, in Canada’s prairies, relies on coal to fire up more than half of its electricity plants. This means that the province is struggling to comply with the federal environment ministry’s plans to phase out the black mineral.
Officials in Regina seem to want incentives, though. This is why this week the local environment minister, Dustin Duncan, said he would like his federal counterpart, Catherine McKenna, to let Saskatchewan get credit for the carbon capture and storage system it has on one coal-fired power plant to offset the emissions from continuing to use at least one other plant without such a system after 2030.
Duncan told the Canadian Press that several plants in the province would have to be retrofitted before 2030 to keep them operating, but there is one that won’t hit its 50-year lifespan until 2042.
“My expectation is and certainly my interest is that the equivalency agreement, the wording, will be agreed to by the federal minister shortly, in the next couple of weeks,” he said to the news agency.
Saskatchewan’s proposal, however, would go countercurrent to McKenna’s plan to never use coal again as fuel for power generation from 2030 onwards, an initiative that she launched this week in partnership with the United Kingdom at the 2017 United Nations climate change talks in Bonn, Germany.
According to the Canadian minister, more economic opportunities would arise by switching from coal to less polluting technologies: “Coal is not coming back. The economic case is clear. The price of solar and wind has plummeted. Clean power is also increasingly the cheapest power,” she said.
4 Comments
Common sense
Carbon capture is a pipe dream.
Why not help Third World countries clean up their environmental issues that are real threats to global ecosystems.
Carbon dioxide is not in any way a pollutant and has no relationship to global warming or climate change.
miner49er
Facts are facts. Science doesn’t lie and neither does the scale when you put the gold on it. The fact is we need power, can’t live with out it in today’s world. Tons of uranium in Saskatchewan, nuclear power plants, cleanest energy on the planet. All the resources right here. Lots of jobs too.
onemansopinion
I guess you haven’t followed up on this carbon capture project in operation for the last three years. http://www.saskpower.com/our-power-future/carbon-capture-and-storage/boundary-dam-carbon-capture-project/
That said…you are wrong on CO2’s impact on global warming. Educate yourself grasshopper before spouting nonsense. https://scienceofdoom.com/2009/11/28/co2-an-insignificant-trace-gas-part-one/
klgmac
Expensive electricity generated by alternative source is costing some people their jobs and is forcing others into energy poverty. It’s truly a crime against humanity.
“‘I feel like you’ve failed me’: Single mom from rural Ontario blasts Trudeau and Wynne over hydro bills”
http://news.nationalpost.com/news/canada/i-feel-like-youve-failed-me-single-mom-from-rural-ontario-blasts-trudeau-and-wynne-over-hydro-bills