“It’s a bit of a rug pull”: Clean energy sector at risk due to Carney-Smith MOU

An Alberta energy company is sounding the alarm, saying Canada stands to lose billions of dollars worth of clean energy investment. Varme Energy says recent changes are lowering the price of carbon and putting its future viability at risk. The company says it’s because of the updated memorandum of understanding signed between Alberta and the federal government last month. “It’s a bit of a rug pull. The policy window and the pricing conditions that were set by the government a few years ago have changed pretty drastically,” Varme Energy CEO Sean Collins said. As Heather Yourex-West explains, other companies are expressing the same concerns. For more info, please go to https://globalnews.ca Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #GlobalNews