Alberta's government is courting AI data centre developers while planning natural gas pipeline expansion to support both data centres and oil-and-gas production, despite 71% of Albertans opposing nearby facilities. Meta's proposed gigawatt data centre near Edmonton, purchased through a shell company for $300 million, exemplifies the lack of transparency and limited job creation benefits that characterize these projects.
Fineotex Chemical established a new Delaware subsidiary, Fineotex America Inc., to provide water-treatment chemicals and solutions for data centres and semiconductor manufacturers in the US market. The subsidiary is wholly owned but currently has zero revenue, and actual business impact depends on securing customer contracts and orders.
The EU's new data centre labelling system, launching in 2027, allows fossil fuel-powered facilities to receive green labels by purchasing enough green certificates annually, creating a loophole where summer solar credits can offset winter gas use. The classification addresses concerns over data centres' growing electricity and water consumption as the EU aims to triple capacity for AI development.