TransAlta aims to recycle

Article Excerpt

TRANSALTA CORP. $20.65 (Toronto symbol TA; Shares outstanding: 197.9 million; Market cap: $4.1 billion; SI Rating: Average) uses coal to generate 60% of its electricity. As a result, the company continues to face tougher environmental regulations, and is taking steps to limit their impact. The company is testing a new carbon-dioxide-capture system that it can attach to its existing plants. This would be millions of dollars cheaper than comparable systems that need separate facilities. TransAlta feels that it can recover 90% of its carbon emissions using this method. It would then sell its carbon to oil producers, who would pump it into underground deposits to extract more oil. TransAlta is a buy. buy…