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Questerre Energy Corp (Canada) T.QEC

Alternate Symbol(s):  QTEYF

Questerre Energy Corporation is an energy technology and innovation company. It is engaged in the acquisition, exploration, and development of oil and gas projects, in specific non-conventional projects such as tight oil, oil shale, shale oil and shale gas. It holds assets in Alberta, Saskatchewan, Manitoba and Quebec in Canada, as well as in the Kingdom of Jordan (Jordan). Its oil shale assets include its project in Jordan and its investment in Red Leaf Resources Inc. (Red Leaf). It plans to utilize the Red Leaf technology for its project in the Kingdom of Jordan. In Quebec, the project has a comprehensive program to test the carbon storage potential including injection and monitoring wells, compression facilities and a pipeline to an adjacent industrial park. Its Kakwa area is a liquids-rich Montney natural gas resource play situated over 75 kilometers (km) south of Grande Prairie in west central Alberta. Its Antler area is over 200 km southeast of Regina in southeast Saskatchewan.


TSX:QEC - Post by User

Post by 40YardLineon Nov 19, 2024 10:12am
67 Views
Post# 36319635

Quebec to ban fossil fuel natural gas heating in homes 2040

Quebec to ban fossil fuel natural gas heating in homes 2040Environmental groups are praising Quebec's plan to ban fossil-fuel-based natural gas heating in homes by 2040 in an effort to significantly reduce greenhouse gas emissions.


Tens of thousands of homes in Quebec have natural gas heating, but by 2040 all will be required to use renewable gas, which is generated by organic waste. Making the switch won't be easy.

That's because, as of now, only two per cent of the natural gas generated by Quebec's main supplier, nergir, is renewable.

"There's not enough, and it's way more expensive," said Finet, who estimates fossil fuel is around 10 cents a cubic metre whereas renewable natural gas is more like 70 or even 90 cents per cubic metre.
 

"We think the government's announcement is misguided," said Renaud Brossard, spokesperson for the Institut conomique de Montral, a nonpartisan economic think-tank.

"It's no secret that Quebec is in a situation where we have a shortage of electricity. The government admits it. Hydro-Qubec admits it."
Quebec to ban fossil fuel natural gas heating in homes by 2040 | CBC News

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