Alberta's Climate Change and Emissions Management Corp. (CCEMC) announced $15 million in new funding for biogas and biofuel projects. The projects include an anaerobic digester upgrade at a Slave Lake mill, a carbon-neutral biofuel plant near Vegreville designed to produce ethanol, cattle feed and biogas-derived electricity, and a biofuel pyrolysis plant near High Level that will produce bio-oil from sawmill residue.
CCEMC receives monies from Alberta's Climate Change and Emissions Management Fund (Fund), a creation of the Climate Change and Emissions Management Act. Under this Act, large-scale greenhouse gas emitters who fail to meet their emissions intensity reduction targets may elect to pay $15 per tonne of carbon dioxide equivalent in excess of their target into the Fund . To date, the Fund has provided $113 million to various fuel efficiency and alternative energy projects.