In the News
Mike Wise, V.P. Project Development, was elected to the Independent Power Producers of British Columbia (IPPBC) Board of Directors on June 8th, one of four new Directors from a slate of 11 candidates. The IPPBC Board oversees all aspects of the strategy and operations of the Association, and manages the finances. Mike’s election to the Board will provide a voice for Syntaris on a multitude of issues that affect both the company and the industry. Link to IPPBC
- Syntaris Power Corp. has made a Strategic Investment in Evergreen Power Corp. As outlined in the Letter to Syntaris Shareholders sent on June 10th, Syntaris shareholders are being provided the first opportunity to participate in the start up phase of the Evergreen Private Offering that is now ready for distribution. The Offering Memorandum/Private Placement for Evergreen invites current and prospective Syntaris shareholders to participate in a one-time 1,000,000 unit (unit = 1 share and ½ share warrant option) offering at $0.25(USD) to a maximum dollar value of $250,000(USD). Through this strategic partnership, Evergreen and Syntaris plan to develop the Soule River Project, a proposed hydroelectric generation facility on the Soule River that will generate approximately 75 MW of expected energy. The Soule River Project is located 25 km south of Stewart, British Columbia on the Alaska side of the Portland Canal. Read more
- “There are all kinds of renewable energy applications in British Columbia right now, and I think some of them are very interesting…”
Rob Fleming, NDP environment critic comments at the BC Legislature last Friday. B.C. New Democrats are backing away from their opposition to the government’s carbon tax and their call for an immediate moratorium on independent power projects (IPPs). Fleming refused to use the word “moratorium” when asked several times by reporters at the legislature on Friday about the party’s stand on IPPs, instead calling for a more thorough environmental review of the controversial projects. Link to article
- “Even in the current economic downturn, investments in venture capital projects such as energy-efficiency programs and renewable energy are expected to continue expanding, fueled by billions of dollars in federal economic recovery grants.”
Predictions from the Pew Charitable Trusts, a research foundation, in its “Clean Energy Economy” report released June 16th. The report goes on to mention how the pace of green jobs growth in California was greater proportionately than in the rest of the nation, possibly because other states had smaller green sectors to begin with. The number of new environment-related jobs grew 9.1% in the nine-year span ending in 2007 — 2 1/2 times faster than the U.S. workforce as a whole. Link to article
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