Alberta inks $1.36bn deal with three firms to shut down coal plants

The Canadian province of Alberta will pay three local coal power producers $1.36 billion over the next 14 years to compensate them for shutting down their plants early as part of the government’s climate change agenda. The province will pay Capital Power Corp., TransAlta Corp. and ATCO Ltd. a total of $97 million per year, beginning next[…]

Canada to fully phase out coal power by 2030

Canada’s Liberal government has taken a page from the Obama Administration’s books as it plans to completely phase out traditional coal power by 2030, Environment Minister Catherine McKenna announced Monday. Ottawa also said it would work with the country’s four provinces that still burn coal for electricity — Alberta, Saskatchewan, Nova Scotia and New Brunswick[…]