Alberta renewable energy development pause affects $33B in investment, 24,000 ‘job-years’: report

Days after the decision was announced, Smith said the pause on renewables was a result of the Alberta Utilities Commission and the Alberta Electric System Operator writing the government in July to ask for the suspension of such approvals, a claim that was not evident in letters viewed by The Canadian Press regarding the matter.

She said the federal government is preventing the development of backup generation like natural gas for renewable energy.“I’ve told … , how can I bring on additional wind and solar if I’m not able to secure the reliability of my power grid by being able to bring on natural gas peaker plants? That’s the heart of the problem,” she said.

Smith also reiterated her government’s position that the federal government’s plan to achieve a net-zero electricity grid by 2035 is unrealistic, and that Alberta will continue to work towards achieving a net-zero electricity grid by 2050.

United States United States Latest News, United States United States Headlines

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

Workers want $78K to start a job: What it reveals about the job marketWorkers want to make at least $78,000 when they start a job, according to a New York Federal Reserve survey. BMO Wealth Management U.S. Chief Investment Officer Yung-Yu Ma explains that there is a 'lag effect' and that a lot of employee expectations are based on what has happened in the past, while companies are looking ahead and seeing a slowing economy. 'We have a little bit of a mismatch right now, but it is indicative of the labor market gradually coming into somewhat more of a balance,' Ma says. 
Source: YahooFinanceCA - 🏆 47. / 63 Read more »