Alberta creates fund to help communities hit by coal phase-out
EDMONTON -
The Coal Community Transition Fund is open to municipalities and First Nations affected as Alberta phases out coal-fired electricity by 2030 to focus on renewables and natural gas.
Economic Development Minister Deron Bilous says the government wants to ensure these communities thrive through the transition
“Residents in our communities have concerns about the transition away from coal,” Rod Shaigec, mayor of Parkland County, said.
“They also have ideas on how we can mitigate the impacts on workers and diversify our economy to create new employment opportunities for affected workers. We are working to address those concerns and support their ideas. This funding means we can make those ideas a reality in various economic sectors of opportunity.”
The coal-mining town of Hanna, northeast of Calgary, has already received $450,000 through the program to work on economic diversification.
The application deadline for the coal transition fund is the end of November.
A provincial advisory panel is also expected to report back this fall on ways to create new jobs and retrain workers during the coal phase-out.
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The 18-month suspension on new electricity-connection requests is intended to provide the electrical utility and provincial government with the time needed to create a permanent framework for any future additional cryptocurrency mining operations.
Currently, BC Hydro already provides electricity to seven cryptocurrency mining operations, and six more are in advanced stages of being connected to the grid, with a combined total power consumption of 273 megawatts. These existing operations will not be affected by the temporary ban.
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