New Clean Air Act Good News for HyPower
Business Wire - December 15, 2006 16:01
WILMINGTON, Del., Dec 15, 2006 (BUSINESS WIRE) -- HyPower Fuel, Inc. (OTCPK: HYPF) is pleased to announce that it is well positioned to take advantage of Canada's new Clean Air Act which was announced on October 19, 2006. According to the Minister of the Environment, Ms. Rona Ambrose, the Act is a first step forward in protecting the health of Canadians. The Act demonstrates a clear commitment to the establishment of short-term to long-term industrial air pollution targets. These fixed targets would compel polluters to respect emission limits and will be at least as stringent as those in other leading environmental countries. The Government is committed to achieving an absolute reduction in greenhouse (GHG) emissions between 45% and 65% from 2003 levels by 2050.
"The largest untapped source of energy is the energy we waste," said the Honorable Gary Lunn, Minister of Natural Resources. "It is important to create a level playing field that allows industry to invest in cleaner energy and reduce emissions while continuing to help our economy grow and maintaining competitiveness," said Minister Lunn. Minister Lunn continued to say that new and emerging technologies will play a significant role in helping industry achieve the targets.
Amendments to the Energy Efficiency Act will ensure the use of the most energy-efficient products, reduction in energy usage and improvement of air quality. The proposed new regulatory requirements will affect the energy efficiency of 30 products, such as traffic signals, battery chargers and commercial clothes washers. Minimum energy-performance standards will then cover 80 percent of the energy used in homes and businesses.
"This is an exciting time to be in the alternative energy business. Not only do we have products such as the Hydro Power Pak (HPP) that save businesses and consumers money, but these products are also instrumental in ensuring that the long-term health of the population is enhanced by improving the overall quality of the air we breathe and the water we drink. You can not ask more of a product than that," said Mr. Douglas Bender, President of HyPower Fuel, Inc.
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