A spokesperson for the federal fisheries minister said the government is looking to improve the approval process for tidal energy, as Ottawa pledges billions in tax credits to spur the creation of emissions-free power generation.
OTTAWA—The federal fisheries department is under fire from industry and government officials in Nova Scotia who say confusing regulations from Ottawa are blocking tidal energy projects that could be part of Canada’s multibillion-dollar drive to remove greenhouse gas emissions from electricity generation.
As reported by The Canadian Press, the company’s chief executive Jason Hayman said investors are placing their Canadian subsidiary into bankruptcy after failed talks with the federal government on tidal energy proposals in the Bay of Fundy.in 2022 for opening Canada’s first floating tidal energy station in the area known for the highest tides in the world, with the help of $28.5 million from the federal government — did not respond to interview requests from the Star on Friday.
“Minister Murray continues to meet with industry and provincial officials to explore ways to improve the regulatory process and to support this emerging technology,” said Jeff Woodland, Murray’s press secretary, in an emailed statement. The program is part of the government’s vision for an industrial strategy to spur the private sector to lower greenhouse gas emissions as the country strives to contribute to the global struggle against climate change. The federal government is also preparing to release draft rules to limit emissions from power plants, after it promised to make Canada’s electricity grids “net zero” — with any remaining greenhouse gas pollution cancelled out by nature or technology — by 2035.
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