CANGEA TALKS GEOTHERMAL WITH THE ECOREPORT

In a recent interview with Roy Hales of the ECOreport, CanGEA’s Managing Director Alison Thompson and Policy Advisor Justin Crewson discussed the intricacies of developing geothermal in Canada. Many of the topics covered in the interview include:

• The geothermal resource in British Columbia and the comparison between it and the rest of the North American market (the U.S. and Mexico) that has geologically similar settings, and thus show that for BC “the sky is the limit”
• Geothermal power is not in competition with other power sources, such as hydro, but is instead complimentary
• The ability for the development of a geothermal power industry to be able to attract additional industries to the province because of the prospect of a low-cost, steady power source (e.g. Iceland and the aluminum processing industry)
• The advantages of the by-product of geothermal: it’s waste heat left over after it has been used to produce power, and its ability to give rise to entrepreneurial and localized business ventures that would utilize this waste heat
• The difficulty of developing geothermal in Canada, and the fact that Canada is actually an attractive place for international companies to come and raise money for geothermal through our strong, resource-based stock exchange and to use it towards geothermal projects in other countries around the world where geothermal is actually supported, instead of investing in Canada’s own ample geothermal resource

Borealis’s projects are discussed in the interview, specifically around the 23-minute mark.
To listen to the interview, click here.
For more on CanGEA and their activities, please visit their website.
To learn more about the ECOreport, please visit their website.