Canadian government

In the wake of an explosive fire on its oil sands project in Fort McKay, Alberta, Canadian Natural Resources, Ltd. (NYSE: CNQ) saw its stock price drop more than 5% when the market opened this morning.  As more details from this story emerge, the company could see its stock continue to tumble.

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.

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).

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