But that much-loved landscape is also the water source for millions of Albertans. Opening those summits and foothills to development provoked a severe and widespread backlash that ran from urban environmentalists to small-town mayors to country music stars.
The fourth, Valory Resources’ Mine 14 proposal for an underground mine for steelmaking coal near Hinton, Alta., does not face a federal review and is expected to apply for provincial permits. He said Montem’s recent agreement with Alberta utility company TransAlta, which has agreed to pay up to $25 million for half of the project, “crystallized” the company’s focus on the pump hydro project.
Doyle said previous plans to use the generated electricity to split water molecules and create hydrogen have been set aside.He said Montem will make a final investment decision on the project in 2025.
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