Domain: financialpost.com
Stories and comments across the archive that link to financialpost.com.
Comments · 135
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Re:No they don't
Look, you can try the "but look...people funding" it's EEEEVVVVVVIIIIILLLLL. On the other hand, I can look from my own damn backyard and see the gigantic clusterfuck that "renewables" did to Ontario.
Right wing news? Sure. Centerist? That's not a problem either. How about far-left wing? Oh well what the fuck. How about the CBC? Well damn this is just great. This "unbiased assessment" from multiple media outlets here in Canada is pretty good at explaining just how much the entire thing "broke" Ontario's electrical system. This is the same bullshit now going on in multiple US states, the exact same shit. FiT(Feed in Tariff) programs, paying extremely high rates, with very specific companies who have/had an interest, causing the electricity price to go right through the roof. Oh and those "green energy jobs" that progressives, environmentalists and leftist cow on about? They don't appear. But boy oh boy do businesses flee. And of course Ontario isn't a on-off either, there's Germany, and Greece, and Spain, and Italy, and, and, and, and...
~10 years years ago, if you lived in the most populous place in Canada(between Windsor and Ottawa), you payed between 0.045 and 0.085kWh. Today you pay between 0.085 and 0.185kWh. Businesses fled. People fled. The electricity rate is so out of reach for the poor that they had to mandate under law no winter electrical disconnection just to make sure people wouldn't freeze to death. These rates for electricity hit the poor so bad, that a few years ago that charities ran out of money in December to cover heating costs. The winter period in Southern Ontario is generally late-October to as late as the end of May, you'll find that most people don't consider spring starting until the May 24 weekend, even then seeing 4C daytime highs happens often enough.
Look. Believe whatever you want about useful idiots, "because oil." Then dig your head out of your ass and then look to British Columbia. Same bullshit. Then look to Alberta under the NDP, same bullshit. Then look back to Ontario. 'Hey boys what happened to the Liberal Party of Ontario that held a majority status from 2003 to 2017?' Oh, they are no longer a recognized political party, and can fit in a 1986 Dodge Minivan? Well hot shit.
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Re:Moon-Bound at Least
"Jeff Bezos: Net worth $142 billion (before divorce)"
seems to me you're the one with the difficulties
bezos in no way has that in liquid
https://business.financialpost...
plus he's just a wonkey eyed goofball who sells blenders online and gets other people to bear the cost
he could set up a space program the same way i could set up a heart transplant facility
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Re:Popcorn time!I read a good article this morning that somewhat aligns to your point, that global warming has become overhyped fearmongering: At Davos, the world is aflame. Everywhere else, things are awesome.
Among some of the great excerpts:Despite the fact that human life expectancy has risen, diseases have been eliminated, terrorism deaths have declined, income distribution has risen, and the world is a better place than it ever has been, a sense of dystopian doom pervades Davos.
Unfortunately, reasonable analysis and critique like this is labelled as "far right", "denier", and from a "conservative rag" even here in Canada. Even those willing to admit they have a point will say "yeah things are great now, but the point is climate change will destroy our future!". One of the most interesting things I found researching some history here is there is ALWAYS a doomsday scenario our population is preoccupied with, this one is just a bit more heavy due to fast information sharing via the internet. People are always scared, news at 11. We have identified an issue and will slowly resolve it, driven by technology, and neither the world nor humanity will end. People talking about future or even current climate change disaster are scared, irrational humans, or trying to score political points, nothing more.
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Re:Growing tension
I call BS on your post and your attitude. You're demonstrating exactly why people refuse to associate with Democrats even if it means siding with Trump.
No reasonably intelligent reason eh? This is because you refuse to look and/or understand. Try reading an intelligent author for a change and not WaPo or CNN clickbait: America's resurgence is reshaping the world.. As a Canadian, I've seen our competitiveness erode massively since Trump and Trudeau came into office around the same time. Foreign investment has plunged, mostly due to Trump's support of business and ease of regulation, and Trudeau doing the opposite. The result isn't going to be a destroyed environment (you won't notice the difference from old policy in either country), it's simply going to be a more wealthy America. He's (rightfully) using his leverage to unilaterally renegotiate agreements, and if my leader had that power, I'd damn well expect him to use it. And for all those foaming mouth Americans who fawn over having a TRUE dumbass like Trudeau running the ship, you'll be interested to know his approval rating is far below Trump's. -
Re:It's a Trap!
BEIJING — Electric car producer Tesla will build its first factory outside the United States in Shanghai, becoming the first wholly foreign-owned automaker in China.
Seriously, google it.
As for your PDF:
Chapter III Fuel Vehicle Vehicle Investment Project
Article 11
It is forbidden to construct the following fuel vehicle investment projects (not sold in China) Except for investment projects for sale of products):
(1) Newly built independent fuel vehicle enterprises;
(2) Existing automobile enterprises build fuel vehicle production in the category of passenger cars and commercial vehicles ability;
(3) The existing fuel automobile enterprises are relocated to other provinces as a whole (included in the national level) Development planning or projects that do not change the ownership structure of the company);
(4) Investing in fuel automobile enterprises that are specifically publicized by the industry management departments (enterprise) Except for investment projects in which the original shareholder invests or converts the enterprise into a non-independent legal entity)Existing ICE automakers are pushing back against the rules, calling them impossible to meet.
China has made it clear what it expects its future to be, and it's electric. Not "several decades from now", but "very soon".
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Re:Settlements just tick me off
The best one I heard recently was Uber has a forced arbitration rule where the arbitration must occur in the Netherlands.
The clause required drivers to resolve any disputes with Uber via mediation or arbitration in the Netherlands, a process with an upfront cost for drivers of US$14,500.
Thankfully this was recently shot down by Ontario's (Canada) to court.
https://business.financialpost... -
Re:He chose Big Oil over the world's future
Oh, look, Greenpeace is infuriated at something. How unusual.
Just checking, is this the same Greenpeace that slandered genetically modified foods? Why yes it is!
"More than 100 Nobel Prize winners in physics, chemistry, medicine and other sciences this week signed a blistering letter attacking Greenpeace's "fact-challenged propaganda campaign against innovations in agricultural biotechnology."
"Greenpeace and their allies have claimed falsely that GMOS are dangerous, untested and inadequately regulated," the letter states. "But the science telling us GM crops and foods are safe has been confirmed by vast experience."
The letter goes on to point out that "As we have shown elsewhere, we know that GMOS are at least as safe as crops produced with other breeding methods. The only time a safety difference has been found the GMOs have been safer."
Worse, the latest target of Greenpeace's anti-GMO campaign is a type of rice â" called Golden Rice â" that would "reduce or eliminate much of the death and disease caused by vitamin A deficiency, which has the greatest impact on the poorest people in Africa and Southeastern Asia."
Greenpeace, mind you, is the same organization that thinks "climate change denial" is a crime worth prosecuting.
To show just how truly muddle-headed Greenpeace is, a recent study published in the prestigious scientific journal Nature found that the use of GMOs can help fight climate change by cutting methane emissions. Which means Greenpeace's anti-science GMO stance trumps its allegedly pro-science climate-change fanaticism.
Greenpeace isn't alone on the left-wing fringes here.
A Pew Research Center survey found, for example, that just over a third of Democrats think GMOs are safe to eat. Translation: two-thirds of Democrats are anti-science."
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Re: Job creator in office #MAGA
Remarkably little? As a Canadian I'm a little miffed at that, as Trump has taken away a massive amount of our foreign investment with his reduction of taxes and regulations. To be fair, he's had Trudeau on our side increasing taxes and regulations which has exacerbated Trump's successes, but the data is quite clear. (Examples here and here).
You might think these are just economist talking points but they have significant effect on economic growth and quality of life for each country, and Trump is clearly winning here. -
The biggest pirate of all is the Music industry
Please take a moment to read this old article: "The plaintiffs (musicians) claimed compensation for use of work listed on what are known in the Canadian recording industry as pending lists. These lists, accumulated over many years, contain works for which no licence was obtained and no compensation paid........ the action could have been worth up to $6-billion."
In other words the music industry owed 6 billion dollars to musicians for non-payment of songs they used w/o compensation. - LINK https://business.financialpost... And the followup: The record industry only paid 50 million of the 6000 million owed to artists: https://entertainment.slashdot...
- The Music Industry wants to scold us commoners, and yet THEY are far worse at screwing the musicians than we are.
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Re:blank CDRs
IRONY: The biggest pirate of all is the Music industry itself. Please take a moment to read this old article: "The plaintiffsâ(TM) (musicians) claimed compensation for use of work listed on what are known in the Canadian recording industry as âoepending lists.â These lists, accumulated over many years, contain works for which no licence was obtained and no compensation paid........ â" the action could have been worth up to $6-billion."
In other words the music industry owed 6 billion dollars to musicians for non-payment of songs they used w/o comprensation. - LINK : https://business.financialpost...
And the followup: The record industry only paid 50 million of the 6000 million owed to artists:
https://entertainment.slashdot... -
Re:A good start
Why is it that gambling machines have more audits and checks than voting machines?
Because organized crime is more honest than US politicians.
Meyer Lansky was praised highly by everyone for his honest casinos. And that is when the real problems began with US elections. Now the electoral system is like spinning a wheel at his friend Bugsy's Flamingo, which many up and coming us politicians did. Next move after the fall elections is the move to make America great again by pissing on Canada even more that what is going on this very moment. Just wonder if cheap log cants are in the cards coming out of Russia to make the American lumber industry great again? With Canada's softwood lumber exports causing the the fires in southern California there has to be a reason for that seemingly insane bit Trumpian pre election comedy. A huge trade deal with Russia for logs to temporarily stimulate the antiquated American saw mill, wood fiber and paper industry might just be the reward for putting that short sighted clown in office.
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Re:Communism has never been tried
In Canada I think a lot more people have more freedom to choose better educational opportunities and better medical services
Is that why Florida is a medical tourism destination for Canadians ? Well I guess you have the freedom to leave the country to get yourself healed.
Education ? Hmmm are you saying you have better universities than the U.S. ? because the logical implication if not, is that you have a better chance of picking from worse opportunities.
t depends on perspective, look at disparity levels, the US is way ahead when it comes to higher economic classes leaching on poorer economic classes.
Oh you mean the way your privileged class wrecked Ontario ?
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Re:not enough resources on the planet to meet dema
Also, if the neodymium gets too expensive you can always switch back to older technologies.
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Re:Conservatives
Eh? In the UK, which is further north than the most populated part of Canada, feed in tariffs age essentially history for domestic installations (and for commercial one across a swathe of renewables), yet it still sells.
Except it's not right? Because the FIT programs are determined by the IESO, which is basically policy mandated by the government. And unlike the UK, the winters regularly hit -30C in the most populated part of Canada.
Sadly, you are not very attached to facts as you claimed that the Liberal Party was anti business despite me posting the policy (regional, but a copypasta of the national one).
Except when it's not, and there's plenty of articles proving otherwise. Don't worry, I'm sure you'll figure out the anti-business policies of the ontario liberals, when you get to the part about pushing a service economy. Just wait until you get to the federal liberal plan!
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Re:What do they have against solar/wind power?
Wind and Solar require that you place them in either exactly right area, or have high-uptime year round. Hell you can look in California and Texas over the last 40 years and find millions of dead solar farms and wind farms. They don't survive here because we already have cheap energy. In most cases they require massive subsidies in order to operate as well. North America is resource rich, very resource rich. It is cheaper to build a dam, and flood thousands of KM of land then it is to build windmills in mountain passes. Use the coal in the ground, build nuclear power plants well anywhere, lots of places to do that even in Western Canada.
Keep this in mind, because I'll now explain what drives people against green energy. In Ontario(again very resource rich), the government believed that handing huge tax breaks and giving massive payouts to get these things off the ground was a great idea. So to be viable, you could see rates where they were paid by the IESO upwards of $1.50kWh, most were in the $0.70-0.90kWh range. It broke the market. The price for electricity before they started paying these companies and microfits money hand over fist was around $0.09kWh at peak, off-peak $0.035-0.068kWh. 10 years later the peak because the entire province(mainly non-businesses) now pay $0.185kWh. The price that is still paid to these green energy boondongles is still in the $0.30-0.76kWh range.
This is what happened: Electricity rates are so high, that the government had to put into law that winter disconnection wasn't allowed. It does get down to -35C here most winters. Then there's the stories like this: The system is so broken because of green energy that people are making the "roof vs heat" choice. This is what happens when extreme poverty and high electricity prices collide(2016/2017) and the charities which pay for heating ran out of money in December of 2016. Most charities got more money this year, but again most will run out of funding by February. That still leaves, March and April, and possibly May(it can get as cold as -10C even here in Southern Ontario as late as May 24th - which most people consider the actual end of winter, it can also be 27C enjoy Canada yet?).
Ontario is interesting, because the government is very anti-industrial anything. Their entire economic policy was based on driving businesses out of the province and pushing 'service' jobs. So now you have people working 2-3 sometimes 4 PT-jobs to make ends meet, in a family that that's both parents working 3PT jobs and barely making ends meet in most of the province. Now, toss in those 30k illegals from the US? This is where it gets fun, because those people who couldn't even work or afford housing were being thrown out of low-income housing to put illegals up in them. FYI the average wait-time in most of Ontario for low-income housing is between 4 and 8 years.
And I'm sure someone is going to go, hur-dur it's all them conservatives fault. Sorry guys, this is 100% right on the Liberal Party of Ontario which has been in power since the early 00's.
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Re:Multiple execs had to agree to this
Please provide evidence of your assertion.
https://www.theguardian.com/wo...
http://business.financialpost....
https://www.denverpost.com/201...
https://money.usnews.com/money...
https://www.moneywise.co.uk/ne...
https://mashable.com/2014/11/2... (a bit off, but works for boomers just as well)
http://www.nielsen.com/us/en/i...
https://www.buxtonco.com/blog/...
http://news.bbc.co.uk/2/hi/uk_...
https://www.amazon.de/Boomer-N... (don't worry, not a make-me-rich link)
https://www.bisnow.com/nationa...And so on, but I think that should suffice. Pick the publication you are the most inclined to not cry "fake news" about.
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Re:No, I counter--predict...
I hate to break it to you, but while the maple reserve does exist, it's not associated with the Canadian federal government, nor even the Quebec government. Instead, It's maintained by a federation of Quebec producers, and basically allows them to act as a Cartel when it comes to Maple Syrup.
Without government blessing, a cartel can't operate and can't enforce its rules on maple syrup producers. The Quebec govt forces maple producers in Quebec to sell syrup via the cartel, or else.
http://business.financialpost....
And yes, the "or else" involves significant fines.
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Re:The problem is this project isn't cost effectiv
You sound like the scam artists that pushed the same crap back a decade ago here in Ontario. It *did* push the cost of electricity though the roof here. The situation here is now so dire that they've mandated by law that they can't cut off power in the winter, for fear of people freezing to death. This, along with what happened in Ontario is gigantic clusterfuck. Nothing more, nothing less and in both cases one would have led to higher energy prices much higher, and in the other case did lead to much higher energy prices. So much so that the government is backtracking because by june of next year it will likely cease to be an actual political party.
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Re:Taxes
Think of it as another way to subsidize new technology that may improve our future lives. Currently, there's not enough drivers using the free charging stations to create a taxing imbalance. When tax revenue is ultimately an issue for highway maintenance, one thing you can count on your local, state, and federal governors to do is figure out a way to tax electric vehicle usage.
Nope. Because this has already been subsidized, this is people getting a free ride because of environmental feelgoodism. The same way that same policy drove electrical prices through the roof in Ontario from 0.08kWh@peak to 0.185kWh@peak in less then a decade. The money from building those charging stations(between $20m-80m at current estimates) could mean dozens of new MRI machines, massive improvements in healthcare, shorter wait-times for healthcare, cheaper forms of power like more hydroelectric or natural gas, and on and on and on. Or short term more programs for people in dire need to pay for heating in the winter. The tax imbalance is already here. The costs for the consumer are already breaking people. It's so bad here that Ontario had to ban electrical disconnection in the winter this year because so many customers are facing disconnection. AKA they're afraid people are going to freeze to death. It gets damn cold here. -35C(-31F) is common for weeks on end as far south as London, Ontario.
Tax revenue is already an issue in Canada. Very much so in Ontario, where the province "offloaded" roads directly to towns and cities which caused a large bump in property taxes. On top of this, in north america we have no real "national grid" the countries are too large. Rather they're split into specific regional grids.
As it stands now, it takes more energy and more waste to throw up windmills and solar panels, then it does to flood km's of land and build a hydroelectric dam in north america. On top of that, in Ontario ~60% of our electricity is generated by nuclear, around 10% by wind/solar but that 10% is the primary driver of the "consumer cost." Green energy has been a gigantic mess. So much so that it will likely take 2 generations to fix it. Unlike other parts of the world, Ontario has zero reason to dive into expensive technologies like wind and solar. If anything, the policies and actions of the governments in Canada, especially at the provincial level have put people against green energy, electric vehicles and so on.
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Re:Also
I don't think so, I don't live in the US and I think it's easier to find balanced reporting on Trump other than the "OMG look what crazy shit he did now!" type reporting I see dominate US mainstream media. Of course, we still have our hyper liberal media sources who do the same, and generate the same type of irrational anti-Trump hatred.
Here's a good example: How Trump saved freedom and democracy from the Climate Industrial Complex.
Sure someone from the left will call the Financial Post a conservative rag, but the arguments presented should still be debated on their merit. I still read liberal media, I just rarely find evenhanded analysis of what Trump does. -
Re:Just in time for the antitrust consent decree
Renewables are now the cheapest form of electricity.
Let me lookee in Ontario. Hmm...that would be a nope. And it's only gotten worse in the last year since that article was published, and they've become more expensive.
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Re:Québec
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Re:I'd move to Toronto in a heartbeat.
The cost of living is less, but you'd also likely find that your income won't stretch quite as far as it used to. The gross pay is about the same after converting between different currencies, but the tax rates are generally higher in Canada than they are in most places in the USA.
Toronto is right on the shore of Lake Ontario, and I'd be surprised if there isn't at least *SOME* fishing there.
Vancouver's climate is nicer (and the scenery is probably nicer as well), but the cost of living is also higher there. Vancouver has the reputation of being, or so I've heard, the most expensive place for housing in all of North America (I think it's in the top 3 worldwide).
(Quick fact double check... yep, I'm right. It's in third place). The only two cities that are more unaffordable than Vancouver are apparently Hong Kong and Sydney.
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Re:Not bad
Define "short term" because here in Ontario, we're at ~16 years and the costs just keep going up. It's completely screwed up the electricity system of Ontario as well. So much so that even the government that parroted it for over a decade is say well, we screwed up. You know why they're saying that? Because they're about to go from a majority to a non-party and are trying to salvage themselves.
Now the kicker is people use less electricity and the prices keep going up, just like how they claimed that "ToD" meters would make electricity cheap. And the costs of it kept going up. This whole idea of paying via FiT and green energy rebates doesn't work and only makes people poorer. Hell it drives businesses out, which means governments need to find new tax bases. So who are the first taxed? Shouldn't be hard for anyone to figure out, but if you need a hint, it's not businesses. And the Federal Liberal Party is pushing for this exact same garbage on Canada.
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Re:Not bad
Define "short term" because here in Ontario, we're at ~16 years and the costs just keep going up. It's completely screwed up the electricity system of Ontario as well. So much so that even the government that parroted it for over a decade is say well, we screwed up. You know why they're saying that? Because they're about to go from a majority to a non-party and are trying to salvage themselves.
Now the kicker is people use less electricity and the prices keep going up, just like how they claimed that "ToD" meters would make electricity cheap. And the costs of it kept going up. This whole idea of paying via FiT and green energy rebates doesn't work and only makes people poorer. Hell it drives businesses out, which means governments need to find new tax bases. So who are the first taxed? Shouldn't be hard for anyone to figure out, but if you need a hint, it's not businesses. And the Federal Liberal Party is pushing for this exact same garbage on Canada.
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Re:Amazon has lost it's way
Yes, at the highest prices/benefit that Amazon can sell. (without getting slapped on the wrist by regulators of course..there was a Canadian slap on the wrist earlier: http://business.financialpost.... )
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Re:Your plan?
Canadians are mostly white. I'm sure the white Canadians will be welcomed by those trying to curb illegal immigration in the US.
I fixed that for you. Just a FYI, Canadians feel the same way for the most part about illegal immigration as Americans do. But if you travel into one of the cesspools like Toronto, you'd find it's more like San Fransisco in it's view. And even your average Canadian is getting tired of it.
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Already Piloted with Retirees
Going into retirement and receiving CPP and OAS (and if you're lucky, a Pension) has the exact the same effect as those people having a UBI.
The interesting thing here is about 65% of those in retirement return to work within a decade (source). This is obviously for a variety of reasons. But for those that think that everyone would just live out their lives for free on a UBI, there's consistent evidence to the contrary. -
Re:TradeoffsI can provide some evidence which disagrees. I will note I haven't research further to see if it's factually correct, but if it helps it was written by an ex Canadian cabinet minister in the federal government.
In this article, he claims:The major stumbling block to getting this dreadful policy reversed was the European commissioner for climate action. It amazed me that one unelected official had such inordinate power in a union of over half-a-billion people. As a result of extensive lobbying and the presentation of a supportive scientific study, the FQD was finally scrapped — but only after the commissioner retired.
For those who don't want to read further, it was a policy which specifically affected oil exports from Canada at the time, and working in the industry I do know he is truthful there - the policy was based on claims from environmental activists which simply weren't true.
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Re:The Slashdot Beta Debacle
If you want to read about a real IT disaster, read about the failure of Target Canada.
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Re:Musk always ignores safety
> Or become President.
Or run unsuccessfully for president.
http://business.financialpost.... Leading up to the 2000 presidential election, Al Gore filed a financial report claiming a net worth of less than $2 million. Today he's worth $200 million. Let's just say those $100,000+ speaking fees didn't hurt.
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Re:Not that all the science is wrong. Gore made $1
I mean, really? That's like asking "where's the profit motive in the military industry?" The politicians having handed out tens of billions of dollars to their friends based on plans to do something "green" (and some hefty donations). Do you have any idea how many billions of your money and mine Gore Inc gave to green companies who never released a product?
There are a multitude of ways for politicians to shuffle money to their friends, a climate change conspiracy is hardly necessary.
And even if true it does nothing to explain why the scientists are the ones actually pushing governments to do something.
Heck even think of Gore himself. He rode AWG, mostly, into the White House. As he left the White House, he was worth $700K; over the next three years he and David Blood made $218 million profit from their carbon credit trading company. In three years, he personally made $172 from carbon trading. You don't see a profit motive there? Really?
Which three years? Because I found an article on Al Gore getting a new worth of $200 million from a variety of sources, but only part of that came from his investment firm (presumably the thing you think did carbon credit trading?).
Besides, even if Al Gore's interest in AGW was as a way to make money for him and his friends, a point I'm far from prepared to concede. It would discredit government action on AGW much more than the science itself.
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Re:Insane prices
47.9 cents/kWh? That's insane
It's 0.50-1.50kWh here in Ontario. This is what Feed in Tariff programs do, drive the price of electricity through the roof. It is now so bad in Ontario, that people are going broke trying to pay for electricity bills. The federal Liberals, are now looking at this *exact* policy. If it passes, you can be assured that you'll likely see mass protests and riots in the streets here in Canada. People can't afford 0.18/kWH(which is the peak price in Ontario) already. Top this off with the provincial Liberals in Ontario, the federal Liberals in Ottawa and the NDP in Alberta wanting to push a carbon tax? Not a chance that there won't be huge problems, especially when the most conservative estimate is that it will raise the cost of goods across all sectors by 20%
You want to know what the kicker is? In Ontario "green energy" accounts for under 1% of total generation and over 55% of the total price sold to consumers.
Ditto for Australia:
Electricity prices across most of the country are tipped to jump - hurting the poor and costing blue-collar workers their jobs.
And the worst of it? These policies will actually make no known difference to any warming, which is probably good for us anyway. It's all for nothing:
Electricity prices across most of the country are set to surge during the next two years, largely driven by the closures of coal-fired power stations in South Australia and Victoria and ongoing investment in wind generation, a national energy market regulator says.
The Australian Energy Market Commission’s annual report into residential electricity price trends shows average price increases for each of the next two years of between 2.4 and 9.3 per cent are expected in all states and territories except Tasmania and Queensland, where the average cost is forecast to dip annually by 0.6 per cent and 1.5 per cent respectively.
This comes as businesses face higher costs in South Australia, already hit by two major blackouts in little more than two months. Australian Stock Exchange data shows
... that for companies to purchase a megawatt of electricity for March, it would cost South Australian buyers $145, those in Victoria $54.70, Queensland $98.25 and NSW $61.50. The national electricity market average is $89.86. -
Re:Insane prices
47.9 cents/kWh? That's insane
It's 0.50-1.50kWh here in Ontario. This is what Feed in Tariff programs do, drive the price of electricity through the roof. It is now so bad in Ontario, that people are going broke trying to pay for electricity bills. The federal Liberals, are now looking at this *exact* policy. If it passes, you can be assured that you'll likely see mass protests and riots in the streets here in Canada. People can't afford 0.18/kWH(which is the peak price in Ontario) already. Top this off with the provincial Liberals in Ontario, the federal Liberals in Ottawa and the NDP in Alberta wanting to push a carbon tax? Not a chance that there won't be huge problems, especially when the most conservative estimate is that it will raise the cost of goods across all sectors by 20%
You want to know what the kicker is? In Ontario "green energy" accounts for under 1% of total generation and over 55% of the total price sold to consumers.
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Re:Coal in Canada?
Sure. And it also was one of the contributing factors to drive the price of electricity from $0.07kWh at peak to the current price of $0.18kWh at peak in less than a decade. Though the main culprit behind that is the "green energy" program here, which as paid at rates as high as $0.92kWh for generation. How it's effectively fucked us. How it's putting farmers out of business. How the government knew it was a bad idea from the start. And it's shit like this that causes populist revolts. It is now so bad here in Ontario, that 700k hydro customers are 4 months or more in arrears. And 70k people have had their electricity cut because of non-payment. The largest hydro company in Ontario is Hydro One with 1.3m customers to give you some scope of how these policies are completely fucking things up. And if you American's don't pay attention to this, you're going to see the same thing. If you want to see it in action? Look at Alberta. Yep they use coal. They use coal because the population is so spread out that transmission lines don't exist. Now, they're having to build new transmission lines as well.
Short sighted, shitty policies and all it does is hurt everyone. Top that out with the proposed "carbon taxes" Canada will likely hit a recession within 3mo of them being implemented, and if we don't hit a depression when the cost of goods jumps at a minimum of 20% which is the conservative estimate from some of the most liberal think tanks in the country. I'll be surprised.
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Re:Coal in Canada?
Sure. And it also was one of the contributing factors to drive the price of electricity from $0.07kWh at peak to the current price of $0.18kWh at peak in less than a decade. Though the main culprit behind that is the "green energy" program here, which as paid at rates as high as $0.92kWh for generation. How it's effectively fucked us. How it's putting farmers out of business. How the government knew it was a bad idea from the start. And it's shit like this that causes populist revolts. It is now so bad here in Ontario, that 700k hydro customers are 4 months or more in arrears. And 70k people have had their electricity cut because of non-payment. The largest hydro company in Ontario is Hydro One with 1.3m customers to give you some scope of how these policies are completely fucking things up. And if you American's don't pay attention to this, you're going to see the same thing. If you want to see it in action? Look at Alberta. Yep they use coal. They use coal because the population is so spread out that transmission lines don't exist. Now, they're having to build new transmission lines as well.
Short sighted, shitty policies and all it does is hurt everyone. Top that out with the proposed "carbon taxes" Canada will likely hit a recession within 3mo of them being implemented, and if we don't hit a depression when the cost of goods jumps at a minimum of 20% which is the conservative estimate from some of the most liberal think tanks in the country. I'll be surprised.
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Re:Coal in Canada?
Sure. And it also was one of the contributing factors to drive the price of electricity from $0.07kWh at peak to the current price of $0.18kWh at peak in less than a decade. Though the main culprit behind that is the "green energy" program here, which as paid at rates as high as $0.92kWh for generation. How it's effectively fucked us. How it's putting farmers out of business. How the government knew it was a bad idea from the start. And it's shit like this that causes populist revolts. It is now so bad here in Ontario, that 700k hydro customers are 4 months or more in arrears. And 70k people have had their electricity cut because of non-payment. The largest hydro company in Ontario is Hydro One with 1.3m customers to give you some scope of how these policies are completely fucking things up. And if you American's don't pay attention to this, you're going to see the same thing. If you want to see it in action? Look at Alberta. Yep they use coal. They use coal because the population is so spread out that transmission lines don't exist. Now, they're having to build new transmission lines as well.
Short sighted, shitty policies and all it does is hurt everyone. Top that out with the proposed "carbon taxes" Canada will likely hit a recession within 3mo of them being implemented, and if we don't hit a depression when the cost of goods jumps at a minimum of 20% which is the conservative estimate from some of the most liberal think tanks in the country. I'll be surprised.
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Re:Is this from The Onion?
I'll tell you what I do understand - I don't trust the UN or the politicians involved one damned bit. When this is being run by an organization so political it refuses to authorize journalists who don't subscribe to their group think, and the ultimate goal is to figure out how deep they can reach into your wallet, people ARE IN THE RIGHT to be skeptical of this. When you call people stupid and stand on your high horse, they end up voting for Trump because personally, Trump seems a far better choice than standing with these self-righteous douchebags.
The reporting organization linked above is definitely a "right wing" publication that has been critical of climate change based tax regimes. I don't agree with most of what they say, but when people won't stand up or protect their right to say it, those people have lost their principles anyway, so best case is they're not the ones to listen to in solving this problem. -
Re:Wow
Ya, I'm sure the companies of Silicon Valley would want to relocate to Ontario.
And that article was written before another round of electricity rate hikes, and a carbon tax being introduced this year. Ontario used to be referred to as the economic engine of Canada. It's been so poorly managed it is now considered a "have not" province and receives payments from Newfoundland, Saskatchewan, and BC to prop it up. -
Re:Everybody Panic!
And the free market is wonderful, until someone suggests using the free market as a means of reducing CO2 emissions.
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Re:Disruptive technologies and the S curve.
Breakeven costs for existing projects such as Kearl Phase 1 stand at US$42 per barrel, with Husky’s Lloydminster (US$28), Cenvous’ Christina Lake ($26) and Suncor operations (US$30.3), - http://business.financialpost....
Kearl Phase 1 has been running at a loss since November. WTI was as low as $26 earlier this year.
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Re:Canada? Energy superpower status
Only Venesuala and Saudi Arabia have greater oil reserves: https://en.wikipedia.org/wiki/...
But Canada's oil is expensive to recover. If demand for oil drops then so will price and Canada will be sitting on stranded assets. Even at the current price Canada's oil is not economical. Breakeven costs for existing projects such as Kearl Phase 1 stand at US$42 per barrel, with Husky’s Lloydminster (US$28), Cenvous’ Christina Lake ($26) and Suncor operations (US$30.3), WTI has declined to $30 per barrel.
Canada needs demand to grow substantially if it is going to survive - or for supply to dry up elsewhere.
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Come to Canada
Send all their platform-level development overseas
May I suggest Canada? It's nice and close, we speak English, and I bet you could buy all those empty Blackberry buildings pretty cheap.
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I know the feeling
We face a similar problem in Toronto and Vancouver, except the subject is way more touchy: People buying up all the real estate and jacking up prices are mostly Chinese and lots of these properties are being bought with cash, no doubt lots of it 'ill-gotten gains'. The problem is, if someone even dares talk about it, right away he'll be branded a racist.
How is it fair that all this corrupt money comes into Canada and pushes up real estate prices? You think I'm just unhappy with my situation and a racist? Ok then, how about you read the story from the Financial Post:
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Re:Yeah, it was security that motivated them...
From Wikipedia "The product was originally developed in the early 1980s by Canadian company Quantum Software Systems, later renamed QNX Software Systems and ultimately acquired by BlackBerry in 2010.[1] QNX was one of the first commercially successful microkernel operating systems[citation needed] and is used in a variety of devices including cars[2] and mobile phones."
So ... not developed in a short span of a few years.BB10 has FIPS 140-2 certification
"The company said its BlackBerry 10 platform has received the FIPS 140-2 certification that would allow government agencies to deploy the devices, along with the new enterprise management platform on which they run, as soon as the new smartphones are launched.
Waterloo, Ontario-based RIM said this is the first time BlackBerry products have been FIPS certified ahead of launch".
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Re:Does anyone have a list of the hottest years?
Here is the average temperature anomaly by decade....
Thanks. I always like to point out warming is nothing new also. It is an interglacial after all so that is an easy bet.
Without an understanding of natural climate, there’s no strong basis for predicting climate change
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Re:fighting carbon pollution?
And the equivalent of 10 keystones have been built in the US since the Keystone was applied for in 2010.
The net effect of saying no was therefore slightly less than a 10% reduction in build and the equivalent increase in rail.
The net benefits will 100% accrue to the rail companies. The increased transportation costs will be borne by oil producers. There will be no reduction in oil output from oil sands.
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Re:Everyone Is Guilty, Only Enemies Will Be Indict
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Re:Everyone Is Guilty, Only Enemies Will Be Indict
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Re:Good for experiments, not powerplant ready
I don't know how cheap nuclear plants are going to be. The Ontario government was going to build two new ones but stopped when the proposals came back with a price of $26 billion. In 2013 they said the cost had gone down a bit but not enough to justify building them. (Not that I trust the Liberal government with anything financial. They are the ones that paid $1B to cancel a gas powered electricity generating plant in order to win a riding.) For info about the price of the nuclear plants see here http://business.financialpost....