Merran Smith and Randy MacEwen: B.C.’s clean-energy sector has message for province: Consider the return on your investment

The clean-energy sector, which employs more than 32,000 British Columbians, has certainly faced challenges of late, including a number of layoffs in the U.S. In B.C., a temporary decline in electricity demand could create revenue shortfalls for B.C. Hydro and our province’s independent power producers .

For starters, every single respondent said that stimulus measures should be aligned with the province’s climate plan, a sentiment shared by Premier John Horgan when he pledged to put Clean B.C. “at the centre of our recovery.” According to Advanced Biofuels Canada, an association representing the province’s biofuel companies, doing so is also a competitive imperative for attracting global investment.

Consider the case of Richmond-based Corvus Energy. A global leader in electric ferry batteries and charging technology, Corvus said COVID-19’s hit to the cruise-ship market had also hit their bottom line. One way the province could help would be to buy more of the company’s technology as B.C. looks to electrify its ferries.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trans Mountain oil spill released roughly 150,000 litres of oil, company saysThe operator of the Trans Mountain Pipeline estimates that between 940 and 1,195 barrels of oil were spilled at Sumas Pump Station in Abbotsford, B.C., early Saturday morning. That's not good DarleneDarbear What does the owner have to say? Yes this is terrible, nobody wants this happening to our environment ! You know what was even worse !?.....July 6 of 2013 in Quebec 😢
Source: CTVNews - 🏆 1. / 99 Read more »