Opinion column by Roger George, www.northbaynipissing.com 9 May 2012 ~~
The road to hell is paved with good intentions. It is hard to believe that Premier McGuinty had any Machiavellian agenda when his government conceived the Green Energy Act. It seems like a good idea to harness renewable energy sources such as wind and solar power and replace the fossil fuel power plants that are contributing mightily to global warming.
It’s happened before, and it will happen again, that somewhere between the eureka moment and the implementation of the policy things go horribly wrong. Just like Newton’s Third Law of Motion, for every action by government, be it taxation or regulation, there is a reaction by the public.
The recent budget action to increase taxes on the very rich will surely see a reaction with deft stick handling by their accountants and tax advisors. Similarly, the incentives needed to drive the green energy initiatives are creating a whole new set of problems that were not immediately understood when our provincial legislation was tabled a few years ago.
South of Powassan a wind farm is planned. In the spirit of disclosure, I live in Powassan a few kilometers from the potential wind farm site. I think it would be cool to see these giants from a safe distance sprouting above the tree line on the high ridge to the south. It’s nice that a few landowners in that area stand to have a literal windfall of up to $12,000 per turbine per year for 20 years for allowing the wind power company to build their money-machines on land that has limited potential for income. It must be nice for the investors to reportedly gross up to $1.2million per turbine and get a 19 per cent return on investment, guaranteed for 20 years. read article