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Bullboard - Stock Discussion Forum 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... see more

TSX:QEC - Post Discussion

Questerre Energy Corp (Canada) > Quebec to ban fossil fuel natural gas heating in homes 2040
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Post by 40YardLine on Nov 19, 2024 10:12am

Quebec to ban fossil fuel natural gas heating in homes 2040

Environmental 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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