Titanium Corporation Inc. (CDNV: TIC.V), a small Canadian company developing technology to recover marketable minerals from oil sands waste, announced Wednesday it had raised $14.2 million (Cdn$14.3 million) in a private placement of equity to finance its progression to commercial-stage operations.
The oil industry, Alberta's provincial government, and the Canadian federal government are all breathing huge sighs of relief with the release of the Royal Society of Canada's report [pdf] on the Alberta oil sands.
In a move that has generated serious uproar in the Canadian government, the Conservative dominated Senate has defeated a climate change bill that was passed in the House of Commons by holding a snap vote while several Senators were away.
The tiny Canadian jurisdiction of Prince Edward Island (PEI) is a good case study on the challenges facing many governments trying to attract renewable energy investors.
Two years ago the PEI government made the bold pledge that by 2013 they would have 500 MW of installed wind turbines - an increase of 270%.
Canadian city-owned utility company, ENMAX Corp, is launching a three-year pilot project that will introduce electric vehicles to its employees and replace fleet vehicles with battery-operated vehicles (BEVs).
Don’t hold your breath, but there is a possibility that the G20 summit in Toronto next week will take action to reduce government subsidization of the fossil fuel industry and to level the playing field for clean and renewable fuels.