Alberta Launches Giant C$1.4 Billion “Clean Energy” Push Aimed at Oilsands with Pennies for Bioenergy
by Meghan Sapp (Biofuels Digest) In Canada, Alberta announced C$63 million of a C$1.4 billion push for “clean energy” will go towards bioenergy projects including biofuels and renewable electricity, while $440 million will go towards oil sands. Other funded programs include loan guarantees for renewable and energy efficiency projects and funding for innovation to reduce emissions across a range of industries. The program will funded from the new C$20 per metric ton carbon tax introduced earlier this year that will increase to C$30 next year. READ MORE
Major funding for diversified, low-carbon economy (Alberta Government)
Alberta to provide funding to support biofuels, bioenergy (Ethanol Producer Magazine)
Excerpt from CBC News: The biggest chunk of funding — about $440 million — will be targeted directly at the oilsands.
Another $225 million will be aimed at driving innovations that reduce greenhouse gas emissions across a wider range of industries.
A further $240 million will be devoted to energy-efficiency projects in large-scale industrial, agricultural and manufacturing operations.
A more modest $63 million has been earmarked for bioenergy projects, including those dealing with combustible fuels like biodiesel and ethanol, as well as electricity generated from biomass.
And $400 million will be set aside for loan guarantees aimed at reducing risk for financial institutions and other corporations that invest in renewable energy and energy efficiency measures.
“Our biggest customer for energy — the United States — has turned into our biggest competitor. Climate change is a fact of life and a business reality. And it’s unlikely that $100-a-barrel oil is coming back anytime soon.” (Economic Development Minister Deron Bilous)
Energy Minister Margaret McCuaig-Boyd said the measures are also aimed at expanding the marketability of Alberta’s petroleum products as the world begins to transition to a lower-carbon economy. READ MORE