Questerre’s Strategic Shift Amidst First-Quarter Losses

Questerre Corp. (TSE:QEC) has released an update.

Questerre Energy Corporation announced its first-quarter 2024 performance, reporting a slight decrease in production and a net loss of $0.2 million, with an adjusted funds flow from operations of $3 million. The company is focusing on innovative zero-emissions hydrogen production and carbon storage projects in Quebec and Alberta, amidst legal proceedings concerning Bill 21. Despite the production dip, Questerre remains optimistic about its strategy to meet emission reduction targets through technological advancements in clean energy.

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