Four geothermal companies, including Canadian-based Polaris Geothermal Inc., Western GeoPower Corp., and GTO resources Inc., along with Ram Power, a private U.S.-based geothermal power company, announced they plan to merge into a single, larger company to more efficiently develop "green" power projects. Polaris shareholders will hold a 54.1% stake.
British Columbia’s Minister of Energy confirmed that it will remain committed to pursuing the development of more clean, renewable energy through independent power producers, despite a rejection of the government’s long-term acquisition plan by the B.C. Utilities Commission. BC Hydro stated that it will be back before the utilities commission with a revised proposal next year.
The Alberta government has shortlisted three of the 10 proposed carbon capture and storage ("CCS") projects as candidates for the $2 billion in government funding available to CCS projects. These three projects are the Alberta Carbon Trunk Line-Northwest Upgrader proposal from Enhance Energy, the Quest CCS project proposal from Shell Canada Energy, Chevron Canada and Marathon Oil Sands L.P., and the Genesee integrated gasification combined-cycle ("IGCC") CCS power generation plant proposal from EPCOR Utilities and Enbridge. The province will negotiate letters of intent with the three proposed finalists and is looking to have contracts secured by the end of the year.