popular articles

Canada and BC Hydro invest in decarbonization projects

The Government of Canada and BC Hydro have announced a joint investment of $32.7 million for three decarbonization projects in British Columbia. These projects will help reduce greenhouse gas emissions and support the transition to a green economy.

Please share:

The Canadian government is investing $32.7 million in three decarbonization projects in British Columbia. Joyce Murray, Minister of Fisheries, Oceans and the Canadian Coast Guard, Josie Osborne, B.C. Minister of Energy, Mines and Low Carbon Innovation, and Chris O’Riley, President and CEO of BC Hydro, announced the partnership.

A partnership that benefits an entire region

In Vancouver, this investment will support the decarbonization of the Creative Energy district heating plant. The existing gas-fired boilers will be replaced with new electric steam boilers, and a 1.2 km underground power line will be constructed from BC Hydro’s Murrin substation to the Beatty Street powerhouse. Powered by clean energy provided by BC Hydro’s new power grid connection, this initiative will significantly reduce CO2 emissions.

In Princeton, this funding will support the electrification of the mine haul trucks at the Copper Mountain mine with a trolley assist system, as well as the replacement of several diesel water pumps at the mine site with electric pumps. This project will reduce the mine’s CO2 emissions by 9,400 tons per year. Copper is an essential component of electric vehicles and clean energy technologies like wind and solar. The mining sector and the thousands of workers it employs in British Columbia and across the country will play a key role in building Canada’s green economy.

In the Cariboo Regional District, this funding will go towards the complete electrification of all underground mining equipment at the Cariboo Gold Project, a new underground gold mine and mill under development, as well as the connection of an existing substation to BC Hydro’s electrical grid. This investment will reduce the facility’s CO2 emissions by 22,700 tons per year. Once completed, both projects will help the mines switch to cleaner energy sources and reduce emissions.

Key Role of Canada’s Green Infrastructure Component

By investing in infrastructure, the Government of Canada is growing the country’s economy. The Government of Canada is investing $16,350,000 in these projects, while BC Hydro and the project proponents are also contributing $16,350,000. The Government of Canada’s funding comes from the Green Infrastructure Component of the Canada Infrastructure Program.

This component contributes to building greener communities by helping to prepare for climate change, reducing greenhouse gas emissions and supporting renewable technologies. 94 infrastructure projects or clusters of projects have been funded in British Columbia under the Green Infrastructure Component, with a total federal contribution of over $517 million and a total provincial contribution of almost $261 million.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The Gulf Coast of the United States is developing carbon capture projects to decarbonize its heavy industries, but regulatory and financial challenges are slowing implementation.
Chevron and its partners, Shell and Mobil, are exploring the geological storage of CO₂ off the coast of Australia, a key project for emissions management in the Carnarvon Basin.
Chevron and its partners, Shell and Mobil, are exploring the geological storage of CO₂ off the coast of Australia, a key project for emissions management in the Carnarvon Basin.
The U.S. Department of Energy is funding a 200 million USD project led by Technip Energies and LanzaTech to convert captured CO2 into ethanol and ethylene, reducing the carbon footprint of the chemical industry.
The U.S. Department of Energy is funding a 200 million USD project led by Technip Energies and LanzaTech to convert captured CO2 into ethanol and ethylene, reducing the carbon footprint of the chemical industry.
In 2025, China plans to expand its carbon market by integrating steel, cement, and aluminum sectors while introducing new methodologies for carbon credits. A strategic overhaul will also aim to better address international requirements.
In 2025, China plans to expand its carbon market by integrating steel, cement, and aluminum sectors while introducing new methodologies for carbon credits. A strategic overhaul will also aim to better address international requirements.
Technip Energies, in partnership with GE Vernova and Balfour Beatty, is building the UK’s first gas-fired plant equipped with a carbon capture system, marking a significant step in reducing industrial emissions.
Maritime transport is essential to cross-border carbon capture and storage initiatives in Asia-Pacific, with projected annual volumes reaching 100 million tons by 2050.
Maritime transport is essential to cross-border carbon capture and storage initiatives in Asia-Pacific, with projected annual volumes reaching 100 million tons by 2050.
With annual emissions thresholds declining and methodological delays, carbon credit prices in Australia are expected to soar in 2025, drawing attention from market players.
With annual emissions thresholds declining and methodological delays, carbon credit prices in Australia are expected to soar in 2025, drawing attention from market players.
SLB Capturi has completed the construction of the world's first industrial-scale carbon capture plant for Heidelberg Materials in Norway. A major breakthrough that will reduce up to 400,000 tons of CO2 annually in the cement sector.
SLB Capturi has completed the construction of the world's first industrial-scale carbon capture plant for Heidelberg Materials in Norway. A major breakthrough that will reduce up to 400,000 tons of CO2 annually in the cement sector.
Australia must cut 15 megatons of its annual emissions to achieve its 43% reduction target by 2030. Investment mechanisms and carbon credits will play a key role in this ambitious effort.
New Zealand's final carbon auction of 2024, scheduled for December 4, is expected to see partial clearance, with prices exceeding NZ$64/tCO2e and an anticipated increase for 2025.
New Zealand's final carbon auction of 2024, scheduled for December 4, is expected to see partial clearance, with prices exceeding NZ$64/tCO2e and an anticipated increase for 2025.
Western Australia unveils an ambitious action plan for carbon capture, storage, and utilization (CCUS), supported by $16.9 million in funding, aiming to achieve carbon neutrality while boosting its economy.
Western Australia unveils an ambitious action plan for carbon capture, storage, and utilization (CCUS), supported by $16.9 million in funding, aiming to achieve carbon neutrality while boosting its economy.
COP29 marks a milestone for carbon markets with the adoption of crucial rules for Article 6 of the Paris Agreement. These advancements promise transparency and attractiveness for international carbon credits.
COP29 marks a milestone for carbon markets with the adoption of crucial rules for Article 6 of the Paris Agreement. These advancements promise transparency and attractiveness for international carbon credits.
Hanwha Power Systems and TC Energy collaborate to commercialize a waste heat recovery technology based on supercritical CO₂, aiming to produce zero-carbon energy within pipeline infrastructures.
India is preparing to launch an ambitious Carbon Credit Trading Scheme (CCTS) focused on reducing industrial emissions intensity. This initiative, planned for 2026-27, could transform emission management nationwide.
India is preparing to launch an ambitious Carbon Credit Trading Scheme (CCTS) focused on reducing industrial emissions intensity. This initiative, planned for 2026-27, could transform emission management nationwide.
The European Council has approved a regulatory framework to certify carbon capture and storage activities, a significant milestone toward the EU's 2050 carbon neutrality target.
The European Council has approved a regulatory framework to certify carbon capture and storage activities, a significant milestone toward the EU's 2050 carbon neutrality target.
Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.
Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.
Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
Occidental Petroleum, in partnership with Enterprise Products Partners, is setting up a CO₂ pipeline network in Southeast Texas to transport captured emissions, thus supporting carbon capture and storage projects in the Houston area.
Occidental Petroleum, in partnership with Enterprise Products Partners, is setting up a CO₂ pipeline network in Southeast Texas to transport captured emissions, thus supporting carbon capture and storage projects in the Houston area.
The European Union's Carbon Border Adjustment Mechanism (CBAM) could have little effect on Asia’s voluntary carbon market and minimal impact on finished product prices, according to experts at the Asia Climate Summit.
The European Union's Carbon Border Adjustment Mechanism (CBAM) could have little effect on Asia’s voluntary carbon market and minimal impact on finished product prices, according to experts at the Asia Climate Summit.
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
Japan is projected to become the leading hub for captured carbon (CO2) trade in the Asia-Pacific region by 2050, according to Wood Mackenzie, with government investment and policy support being crucial to this goal.
Singapore is stepping up its efforts to achieve carbon neutrality by 2050 by co-funding feasibility studies on carbon capture and storage (CCS) in its power plants. This key project aims to reduce emissions while ensuring the country's energy security.
Singapore is stepping up its efforts to achieve carbon neutrality by 2050 by co-funding feasibility studies on carbon capture and storage (CCS) in its power plants. This key project aims to reduce emissions while ensuring the country's energy security.
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.
Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.

Advertising