One of Canada’s leading purveyors of fossil fuels, oil sands company Cenovus Energy Inc. , is placing a bet on a sci-fi energy source in hopes that nuclear fusion can one day help squeeze bitumen out of Fort McMurray.
The company is making a $4-million investment in General Fusion, a Burnaby, B.C.-based startup that on Thursday announced $19.5-million in new development capital, including some from Bezos Expeditions, the personal investment company of Amazon.com founder Jeff Bezos.
General Fusion ranks among Canada’s most ambitious small companies, with a goal to create a new energy source that could have global application.
“This is the holy grail of energy,” said founder Michel Laberge. “In 100 years, the whole planet will run on fusion.”
…
Fusion Lightweight Gets a Boost From Heavyweight Investors (The Globe and Mail)
