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U.S. Boost for Geothermal Energy

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GLOBE AND MAIL -  The U.S. government has pumped $32-million (U.S.) into Canadian-traded geothermal companies that operate south of the border, a move that highlights the lack of support for the industry in Canada. A total of $338-million in grants for geothermal exploration and drilling was recently unveiled by the U.S. Department of Energy - part of the Obama administration's plan to crank up its green energy production. Almost 10 per cent of this will go to firms that trade on the Toronto Stock Exchange, some of which are also based in Canada. Read More

 

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