Canada Is Open for AI Data Centers After Carney Shift on Energy

Capital Power Corp.’s top executive says it will become possible to build new gas-fired power plants to support large data centers in Alberta after the Canadian government relaxed environmental standards for electricity.

Prime Minister Mark Carney signed an agreement with Alberta Premier Danielle Smith on Nov. 27 that suspends the Canadian government’s clean electricity regulations while the two governments try to shore up Alberta’s faltering carbon-pricing system.

For Capital Power, the new regime means it’s now feasible to consider expansion of the 1,857-megawatt Genesee site west of Edmonton, Chief Executive Officer Avik Dey said in an interview. The ...