Business
TransAlta Receives an A- Industry Leader Score from CDP and Responds to the Release of the Government of Canada's new Climate Plan
TransAlta Receives an A- Industry Leader Score from CDP and Responds to the Release of th...
About this update from Transalta Corporation
[{"type":"text","content":"\n \n \n \n TransAlta Receives an A- Industry Leader Score from CDP and Responds to the Release of the Government of Canada's new Climate Plan\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Dec. 14, 2020\n \n /CNW/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) (\"TransAlta\" or the \"Company\") announced today that CDP (the global disclosure system for environmental impacts known formerly as Climate Disclosure Project) recently recognized TransAlta with an A- score, ranking the Company among industry leaders on climate change management.\n \n \n \"TransAlta has been a leader in sustainability for decades, whether that's through our one hundred-plus years of hydro power generation in\n \n Alberta\n \n , our significant wind power holdings across\n \n North America\n \n , or our more recent entry into battery storage technology. Sustainability is part of our DNA and we are proud to be recognized as a leader by CDP,\" shared\n \n Dawn Farrell\n \n , President and CEO of TransAlta.\n \n \n On\n \n December 11, 2020\n \n , the Government of\n \n Canada\n \n released its new climate plan titled\n \n A Healthy Environment and a Healthy Economy\n \n . Among other measures, the plan proposes an increase in\n \n Canada's\n \n national carbon price benchmark to\n \n $170\n \n per tonne of CO2e by 2030. Like all major energy and industrial companies in\n \n Canada\n \n , TransAlta will review these proposed measures and will continue to actively engage with federal and provincial governments as they implement new climate policies over the coming years.\n \n \n The Company continues to execute TransAlta's Clean Energy Investment Plan (the \"Plan\"). As a part of the Plan, TransAlta affirms its commitment to proceed with its\n \n Sundance\n \n 5 repowering project, which will convert an existing thermal unit into a highly efficient combined-cycle natural gas generating facility. The highly efficient performance of the unit means that an increased carbon price will have limited impact on the facility economics under\n \n Alberta's\n \n current ...