Posted Aug 1, 2024, 7:24 PM
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Registered User
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Join Date: Feb 2009
Location: Vancouver
Posts: 23,173
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Quote:
Originally Posted by Changing City
Because natural gas is still a fossil fuel, and still emits CO2 when it's used, just like oil. While hydro, solar and wind (and tidal, and geothermal and nuclear) don't. So those should be where we invest, not building gas plants. And we should be adding battery banks to store the wind and solar power that is created when there's less demand. And adding more utilities like the SEFC energy utility that taps sewer heat. Creative Energy is ditching their gas boilers for electric - that single transition will replace a huge amount of CO2 generated every year (38,000 tonnes). So burning gas isn't 'clean'. We can control what we do - not what China does.
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Let's see if Eby goes through with rumoured bans on new natural gas heating now....
Canada’s Indigenous groups to borrow $1 billion for pipeline stake
By Chunzi Xu and Robert Tuttle
August 01, 2024
(Bloomberg) -- A consortium of Indigenous communities in western Canada is preparing a $1 billion (US$720 million) bond offering to fund the purchase of a stake in TC Energy Corp.’s natural gas pipeline system in Western Canada, according to people familiar with the matter.
The bond deal may come to the market in the next several weeks, according to the people, who asked not to be identified discussing a private matter. The transaction of the pipeline stake is expected to close in the third quarter, subject to financing and official approval of the participating communities, TC Energy said.
The Alberta Indigenous Opportunities Corporation is providing a $1 billion equity-loan guarantee to support the transaction, a spokesperson said.
A representative for the Indigenous consortium, which comprises 72 communities in Alberta, British Columbia and Saskatchewan, didn’t respond to requests for comment....
https://www.bnnbloomberg.ca/investin...ipeline-stake/
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