Dutch bank ING says it is accelerating its phasing out of funding for oil and gas exploration and production activities while it increases financing for renewable energy.
The latest United Nations climate conference will almost certainly fail to meet its stated goals. But as a flurry of recent news shows, the energy transition is already well past the point of no return — and picking up speed every day.
The company said it will partner with developer Copenhagen Infrastructure Partners on a 495-megawatt capacity wind farm to be built in Vulcan County in southern Alberta.
Alberta is following Ontario's playbook: Sharpening knives that will be plunged into the backs of renewable energy workers, landowners and diversified energy companies across the province.
Canada needs to move faster on renewable energy as a new international energy outlook forecasts demand for all fossil fuels will peak in seven years, Energy Minister Jonathan Wilkinson said on Wednesday, October 25, 2023.
A renewable energy windfall of nearly $300 million for the Alberta government should be used to expand the industry and help low-income people pay power bills, say the provincial New Democrats.