Here are three interesting items that are linked to sustainability and surprisingly involve the province of Alberta. As noted on Twitter by @TheGentYYC some extraordinary initiatives are moving that province in a greener direction. First off, that Canadian oil stalwart, Petro Canada is building a network of Electric Vehicle (EV) fast charging stations across Canada.
Petro Canada says “Keeping people moving is what we do, and we know that Canadians needs are evolving. We want to help you along your journey, which is why we are building a cross-Canada network of EV fast charge stations. To keep you moving toward what matters most to you.”
As @TheGentYYC points out Petro Canada is owned by Suncor, the world’s largest producer of bitumen. Suncor had a revenue of over 29 billion dollars in 2015 and owns the oils sands plant near Fort McMurray. For Suncor to sponsor electric vehicle charging stations is a “tectonic event” and suggestive of a major policy shift in “corporate climate leadership”.
Add to that information the fact that in 2018 Warren Buffett has purchased a major stake in Suncor buying almost 11 million shares. Mr. Buffett’s firm Berkshire Hathaway has extraordinary success at trending and pinpointing good portfolio holds suggesting that Suncor may be moving towards a direction more in keeping with evolving work on sustainable energy~and making money doing it.
And did you know that three new solar farms are being built in southeastern Alberta to provide power supply for the Alberta government? The projects totalling more than 100 million dollars in construction costs will provide half the power needed at a cost of 4.8 cents per kilowatt-hour, less than the average 2018 market price on the Albertan grid.
The Alberta government’s Environment Minister is acknowledging that “These are areas that have suffered due to the drop in oil prices and also natural gas. It’s been a roller-coaster in southeast Alberta, and adding jobs in renewable sector is very helpful to making the economy more stable.”
— #SHIFT (@TheGentYYC) February 16, 2019
Images: Greencarreports & ag.canada