Friday, 19 September 2014
Last updated 10 hours ago
Oct 16 2009 | 12:54pm ET
The Canadian government and the government of the province of Alberta will spend $779 million over 15 years on a carbon dioxide capture project to be located west of Edmonton.
Canadian Prime Minister Stephen Harper was in attendance on Wednesday as funding was announced for the project to be carried out by TransAlta Corp at its Keephills 3 coal-fired generator near Wabamun Lake.
The aim of ‘Project Pioneer,’ as it’s been dubbed, is to capture and store up to 1 million tonnes of CO2 annually as one of the first large-scale facilities of its kind in the world.
Harper said such projects would “define the future of this industry. Carbon capture and storage has the potential to help us balance our need for energy with our duty to protect the environment.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.