Australian coal company pulls plan for mine in Alberta foothills

  • 📰 calgarysun
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 52%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Montem Resources CEO Peter Doyle says the company will instead be focusing efforts on building a renewable hydro project at the site.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 63. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Australian coal company withdraws plan for mine in Alberta foothillsCEO Peter Doyle says Montem Resources will instead be focusing efforts on building a renewable hydro project at the site
Källa: globeandmail - 🏆 5. / 92 Läs mer »

Australian coal company withdraws plan for mine in Alberta foothillsAn Australian coal company is withdrawing its plan for a mine in the Crowsnest Pass region of the eastern slopes of Alberta's Rocky Mountains.
Källa: CTVCalgary - 🏆 26. / 68 Läs mer »

Australian coal company withdraws plan for mine in Alberta foothillsMontem Resources CEO Peter Doyle says the company will instead be focusing efforts on building a renewable hydro project at the site.
Källa: calgaryherald - 🏆 64. / 52 Läs mer »

Teck Resources pulls proposal to split company ahead of shareholder meetingTeck Resources Ltd has decided not to go ahead with a shareholder vote on its proposal to split into two companies. Find out more
Källa: nationalpost - 🏆 10. / 80 Läs mer »

Teck Resources pulls proposal to split company ahead of shareholder meetingTeck Resources Ltd has decided not to go ahead with a shareholder vote on its proposal to split into two companies. Find out more
Källa: financialpost - 🏆 7. / 85 Läs mer »

Teck Resources pulls proposal to split company ahead of shareholder meetingTeck Resources Ltd has decided not to go ahead with a shareholder vote on its proposal to split into two companies. Find out more
Källa: fpinvesting - 🏆 43. / 63 Läs mer »