Geothermal Energy: Promising Solutions and Neglected Potential in BC
The US Energy Administration lauds Canada as a world leader in renewable energy. A full 60% of Canada’s electricity comes from renewable sources and, as a result, Canada enjoys the reputation of being renewable-friendly.
However, at the same time that geothermal energy is revealing itself to be one of the world’s most important solutions to meet increased energy demand, geothermal companies find BC a difficult place to develop projects. Experts point to factors including both the intractability of native land claims and stubborn geology. Also, the lack of government investment and incentives to support development of the important geothermal industry may be creating an impenetrable ceiling for the industry in this province.
Sierra Geothermal Power Corp (TSX.V:SGP) for example is a local geothermal company that has its corporate offices in Vancouver, but all its projects in Nevada.
