Business
TransAlta Recognized at COP26 Powering the World Past Coal Event
TransAlta Recognized at COP26 Powering the World Past Coal Event Canada NewsWir...
About this update from Transalta Corporation
[{"type":"text","content":"\n \n \n \n TransAlta Recognized at COP26 Powering the World Past Coal Event\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 Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Nov. 5, 2021\n \n /CNW/ - As the world gathers at\n \n COP26\n \n to take action on the threat of climate change and keep the Paris Agreement goal of limiting temperature rise to 1.5°C within reach, TransAlta Corporation (TSX: TA) (NYSE: TAC) (\"TransAlta\" or the \"Company\") was pleased to participate at the\n \n Powering the World Past Coal\n \n event at\n \n COP26\n \n , in\n \n Glasgow, Scotland\n \n . At the event, TransAlta and 27 new members joined the Powering Past Coal Alliance (the \"Alliance\") where the new members were announced by the governments of\n \n Canada\n \n and the\n \n United Kingdom\n \n , Co-Chairs of the Alliance.\n \n \n The Alliance is a global organization of governmental and private sector organizations working to take action on reducing greenhouse gas emissions from coal-fired electricity generation and accelerate the energy transition.\n \n \n TransAlta's President and CEO,\n \n John Kousinioris\n \n , stated, \"Our decision to join the Powering Past Coal Alliance is a natural extension of the Company's commitment to delivering clean energy solutions for our customers, strong returns for our investors, and reliable energy for the communities that we serve. Our growth plan will expand our renewable electricity fleet by two gigawatts over the next five years and deploy energy storage at a much larger scale. We look forward to continuing our contribution to global efforts to deliver an accelerated clean energy transition.\"\n \n \n TransAlta has already reduced its greenhouse gas emissions by 61 per cent over 2005 levels and has a 2030 target that equates to a 70 per cent reduction compared to 2005 levels.\n \n \n TransAlta's transition away from coal-fired generation started in 2019 and by the end of 2021, the Company will end coal-fired generation in\n \n Canada\n \n . Through this process, TransAlta will eliminate 2,135 megawatts of coal...