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Alberta oilsands power plant bought up by green energy company

from Global News

A small green power company says it has closed a deal to buy a half-built oilsands power plant in northern Alberta halted 16 months ago by international oil giant Royal Dutch Shell. Kineticor Resource says it has partnered with Ontario pension fund OPTrust to buy the 690-megawatt plant, one of the remaining vestiges of an Alberta oilsands building boom stalled by crashing global oil prices and doubts about pipeline access to markets. more


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