Is it a challenge for investors to value an energy transition company that integrates hydrocarbons and renewables? Apparently not, for financial backers who understand the business strategy. Arc Financial is Kiwetinohk’s majority shareholder. Connecting the dots, I recall that Arc Resources paid $2.7 billion in 2021 to buy Seven Generations Energy .
And then he continues, now animated: “Instead of focusing on whether its natural gas or solar, whatever the primary source is, they should be focused on what’s the carbon emission. So if you can have power or hydrogen without carbon emissions because you’ve captured the carbon and sequestered it, why does it matter to the federal government?”Article content
What about your company’s competitiveness, especially with U.S. President Joe Biden’s heavy subsidization of carbon capture and renewables in the Inflation Reduction Act? Pat nods. If American companies have all the carrots and we have all the sticks, it’s going to shut our business down. “We need to let the U.S. lead,” he says. “They certainly aren’t going to wait for our lead or pay much attention to us. But it matters a lot to us the direction they go.
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