But Justice Michael Tammen ruled Friday that the government’s move in December 2022 to pause new connections for cryptocurrency mining for 18 months was reasonable and not unduly discriminatory.
Hydro CEO Christopher O’Riley had told the court in an affidavit that the data centres proposed by Conifex would have consumed 2.5 million megawatt-hours of electricity a year.
Energy Minister Josie Osborne said when the policy was introduced that cryptocurrency mining consumes “massive amounts of electricity” by running banks of high-powered computers around the clock, but adds “very few jobs” to the local economy.
“Conifex continues to believe that the provincial government is missing out on several opportunities available to it to improve energy affordability, accelerate technological innovation, strengthen the reliability and resiliency of the power distribution grid in British Columbia, and achieve more inclusive economic growth,” the statement said.
The report said power demand from cryptocurrency mining operations would challenge clean energy and electrification goals as adoption of things such as electric vehicles and heat pumps increase.
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The original article contains 483 words, the summary contains 202 words. Saved 58%. I’m a bot and I’m open source!
This is the best summary I could come up with:
But Justice Michael Tammen ruled Friday that the government’s move in December 2022 to pause new connections for cryptocurrency mining for 18 months was reasonable and not unduly discriminatory.
Hydro CEO Christopher O’Riley had told the court in an affidavit that the data centres proposed by Conifex would have consumed 2.5 million megawatt-hours of electricity a year.
Energy Minister Josie Osborne said when the policy was introduced that cryptocurrency mining consumes “massive amounts of electricity” by running banks of high-powered computers around the clock, but adds “very few jobs” to the local economy.
“Conifex continues to believe that the provincial government is missing out on several opportunities available to it to improve energy affordability, accelerate technological innovation, strengthen the reliability and resiliency of the power distribution grid in British Columbia, and achieve more inclusive economic growth,” the statement said.
The report said power demand from cryptocurrency mining operations would challenge clean energy and electrification goals as adoption of things such as electric vehicles and heat pumps increase.
You can also support our journalism by becoming a digital subscriber: For just $14 a month, you can get unlimited access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites.
The original article contains 483 words, the summary contains 202 words. Saved 58%. I’m a bot and I’m open source!