20:08:42 EDT Wed 01 May 2024
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Cenovus Energy Inc
Symbol CVE
Shares Issued 1,868,419,172
Close 2024-02-29 C$ 23.65
Market Cap C$ 44,188,113,418
Recent Sedar Documents

FP/CP say Brookfield, rivals hear green pause ending

2024-02-29 08:19 ET - In the News

See In the News (C-BRF) Brookfield Renewable Power Preferred Equity I

The Financial Post reports in its Thursday, Feb. 29, edition that a seven-month pause on wind and solar development in Alberta is coming to an end. A Canadian Press dispatch to the Post reports that the industry was caught off guard last August by the United Conservative Party government's move to impose a temporary moratorium on new wind and solar approvals in the province to give it time to study issues related to land use, reclamation and grid reliability. That moratorium expires Thursday, after which the government is expected to unveil new rules to guide future wind and solar development. However, Greengate Power chief executive officer Dan Balaban said the government-imposed pause on the renewables sector is just one piece of an increasingly contentious public debate that has left the wind and solar industry feeling like a political football. "This is really about the politics of energy," said Mr. Balaban. He added: "It's very disappointing because I think there are pragmatic solutions to get us to where we ultimately need to be in terms of providing clean, reliable and affordable energy, and the politics of division aren't going to get us there. For me, as an entrepreneur, it's very off-putting."

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