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Article: Alberta Earmarks C$200M to Hedge Its Oil Sands Bets
- Article from:
- Renewable Fuel News
- Article date:
- September 4, 2006
- Author:
CopyrightCopyright Hart Energy Publishing, LP Sep 4, 2006. Provided by ProQuest LLC. (Hide copyright information)
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Alberta's oil sands may well hold more than 175 billion barrels of recoverable crude oil, but the provincial government isn't content to let alternative energy investments slip in the meantime.
Alberta Energy Minister Greg Melchin said last week that the province was interested in a strategy that goes beyond the production of raw resources to value-added products like upgrading refineries and petrochemical industries.
The province said last week that it is putting C$200 million into a new energy innovation fund over three years for environmentally friendly projects, including ethanol ...