- Canada’s federal carbon tax recently hit a record $50/ton, helping fuel a veritable gold rush within the domestic carbon credit industry
- The move has simultaneously sparked a mass rush amongst Canadian industrial players to transition towards renewable energy sources, with renewable natural gas (“RNG”) top of the list
- EverGen Infrastructure has become a key player within the Canadian RNG sector, with three active processing plants within British Columbia, and development underway in Alberta and Ontario
- The company recently acquired a 50% stake in an Ontario-based RNG development, a move which will see the company boost its cumulative production capacity to upwards of 1 million gigajoules per annum
A European energy broker recently reached out to Base Carbon, a Canadian-listed carbon credit-focused investment fund (https://ibn.fm/t3xZW). The motive for the call? The broker was seeking to sell a portfolio of carbon credits generated in 2015 by a Chinese wind farm operation. Canada’s federal carbon tax hit a record $50/ton in April 2022 – effectively penalizing companies on account of their carbon footprint. That in turn has sparked a veritable ‘gold rush’ within the Canadian carbon credit industry, with hordes of companies actively seeking to mitigate their carbon emissions. Simultaneously however, it has also driven home the need for an ever-increasing number of companies to begin adopting renewable natural gas (“RNG”) as a core energy feedstock (https://ibn.fm/Nz6cN).
EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF), a British-Columbia based renewable natural gas operator, is set to be a key beneficiary of this trend. The ongoing move towards adopting renewable energy sources was best enunciated by Modern Niagara, a Canadian integrated building…
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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