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Federal government invests four billion dollar in Atlantic Ocean initiative
1 May 2009
Canada's federal government is investing C$4 million in an effort to open up new markets for the considerable renewable energy resources in the provinces bordering the Atlantic Ocean. Over the next 12 to 18 months, the initiative, called the Atlantic Energy Gateway, will assess domestic and US market potential, develop an inventory of proposed and potential projects in the region, survey international best practices for the regulation and development of wind and other renewable resources, and examine the major impediments to the growth of the sector. "The Atlantic Energy Gateway has the potential not only to meet the clean and renewable energy needs of Atlantic Canadians, but also help our region tap into a major market opportunity by selling our surplus to the energy-hungry United States," says Pete MacKay, the government minister responsible for the plan.
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