Alberta's ban on renewables could hurt C$11 billion in investments, study says

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Alberta's ban on renewables could hurt C$11 billion in investments, study says
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OTTAWA (Reuters) -Alberta's ban on some renewable projects could hurt C$11.1 billion ($8.24 billion) in investments and stall up to 6.3 gigawatts (GW) of...

FILE PHOTO: A wind farm generates electricity near bales of hay in the foothills of the Rocky Mountains

The new rules potentially affect 42 projects and several thousand jobs, the Pembina Institute, an Alberta-based clean energy think tank, said in the study. The provincial government has, however, said exceptions would be made if developers can show crops or livestock can exist alongside the project.Canada is the world's fourth-largest oil producer. The province is also a leader in renewables development.

It has put Premier Danielle Smith's provincial government at odds with Prime Minister Justin Trudeau whose Liberal government is drafting federal regulations to make provinces eliminate greenhouse gas emissions from their grids on a net basis by 2035.Out of 111 solar and 34 wind projects proposed in Alberta, 36 solar projects and six wind projects, which are either proposed or awaiting approval, could be affected, the study said.

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