06:40:38 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



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

Globe says Brookfield, rivals see green hopes brighten

2024-03-01 07:55 ET - In the News

See In the News (C-BEP) Brookfield Renewable Partners LP

The Globe and Mail reports in its Friday, March 1, edition that new government-imposed restrictions on renewable energy projects in Alberta may not spell the sector's demise. The Globe's Emma Graney and Jeffrey Jones write that industry officials and rural leaders have welcomed the end of a costly moratorium on approvals for wind and solar projects, imposed by the Alberta government last summer. However, some are now lamenting the fact that the moratorium is being replaced with new rules, announced by Premier Danielle Smith this week, that impose sweeping restrictions on where and how such projects can be built, including a ban on wind projects near what the province calls "pristine viewscapes." Those rules lack detail in key areas, and have been criticized for creating uncertainty. Even so, renewable industry representatives say they still believe the province has some attributes in its favour. Those include wind and solar resources and a deregulated energy market, as well as major buyers that want to invest in power-purchase agreements with generators. Canadian Renewable Energy Association's Evan Wilson says if the province clarifies its new policy measures, the industry could get back on track relatively quickly.

© 2024 Canjex Publishing Ltd. All rights reserved.