Ottawa pledges $71 million for Yukon power dam
Mr. Harper and Yukon Premier Dennis Fentie signed a contribution agreement for the Mayo B hydro power plant, a $160-million project that is expected to be complete by 2013. The federal government will contribute $71-million to the project.
The federal government says the addition of the new power plant at the Mayo dam will help the Yukon reduce its dependency on diesel fuel for electricity and cut greenhouse has emissions by 50% from current levels.
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German coalition backs electricity subsidy for industries
BERLIN - Germany’s three-party coalition is debating whether electricity prices for energy-intensive industries should be subsidised to prevent companies from moving production abroad.
Calls to reduce the electricity bill for big industrial producers are being made by leading politicians, who, like others in Germany, fear the country could lose its position as an industrial powerhouse as it gradually shifts away from fossil fuel-based production.
“It is in the interest of all of us that this strong industry, which we undoubtedly have in Germany, is preserved,” Lars Klingbeil, head of Germany’s leading government party SPD (S&D), told Bayrischer Rundfunk on Wednesday.
To achieve this,…
