Canadian Geothermal Energy Industry A Global Player
Last week's sold out geothermal energy workshop in Toronto organized by CanGEA brought national attention to the Canadian geothermal energy sector. Gary Thompson, President of Sierra Geothermal Power Corp. and Ross Beaty, Chairman and CEO of Magma Energy Corp., both Vancouver based companies, were interviewed in Toronto on the Business News Network and discussed the global opportunities presented by geothermal energy. Here is the video link for the very interesting discussion.
In addition, the Globe and Mail reported that recent financings and significant US government incentives are fuelling increased interest in the global geothermal energy industry. In Canada, unlike in the United States and around the world however, utility grade geothermal energy projects do not yet exist despite excellent resources and a willing industry. The development of geothermal energy in British Columbia and Canada is challenged in part by the existing regulatory framework and the complex permitting process. With continued attention to this clean and green base load energy source, the Canadian geothermal energy industry hopes to overcome present barriers and create a strong geothermal industry in this country.
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