The parent company of Nova Scotia Power announced Tuesday that it will sharply reduce its carbon footprint, setting a goal of achieving net-zero greenhouse gas emissions by 2050 across its North American operations. Weaning off coalOnly one Nova Scotia Power coal-fired unit is slated to close this decade. Newfoundland hydroelectricityLater this year, Nova Scotia is expected to start receiving large amounts of hydroelectricity from the Muskrat Falls project in Labrador. Balfour said Emera will have more to say in the fall about progress on the project, the potential cost and Nova Scotia Power's involvement. Compared to 2019, earnings from Nova Scotia Power for the quarter dropped by $1 million to $57 million.

Source: CBC News February 16, 2021 17:51 UTC