22:17:34 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Berkshire Hathaway CDR (CAD Hedged)
Symbol BRK
Shares Issued 4,650,000
Close 2023-08-21 C$ 27.05
Market Cap C$ 125,782,500
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Globe/wire say Berkshire's Alberta green play at risk

2023-08-22 08:27 ET - In the News

The Globe and Mail reports in its Tuesday edition that Alberta's seven-month pause on approving new renewable power projects in the Canadian province has caused four major international companies at various development stages to stop work on their plans. A Reuters dispatch to The Globe says that Alberta's surprise move this month has also prompted some domestic companies to consider whether to refocus investment on other provinces and the United States. Wind and solar energy producers have criticized Premier Danielle Smith for creating business uncertainty and jeopardizing billions in potential investments. Alberta, the country's main oil-and gas-producing province, paused approvals on Aug. 3 of new renewable electricity generation projects over one megawatt until Feb. 29, chilling investment in the fast-growing industry. The pause is necessary to address concerns about renewables' reliability and land use, said a spokesperson for Alberta's Utilities Minister. Along with domestic firms, foreign companies like Berkshire Hathaway's BHE Canada, EDF Renewables and Enel Green Power generate renewable power in Alberta. Companies have invested nearly $5-billion since 2019, according to Alberta's Pembina Institute.

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