By Carl Mortished, Globe and Mail Business
It’s cold in Britain. Not the cold Canadians would recognize, but subzero temperatures with heavy snowfalls so early in winter are unusual. The stock of Victorian housing is ill-equipped for cold, which puts extra pressure on National Grid, the utility that runs the gas and electricity network, to maintain supplies. Continue reading
By Ezra Levant Toronto Sun
The Chicago Climate Exchange is shutting down at the end of the year. Nobody’s buying carbon credits.
Right now, days go by when not a single trade is done. When trades are done, carbon dioxide sells for just five cents a ton. It’s over.
In related news, the Pixie Dust Exchange has plenty of eager sellers but still no buyers. And the opening of the unicorn exhibit at the zoo has been postponed indefinitely. Continue reading
Ontario has been sold off to the green energy bubble
Also, New York Times today: Cost of Green Power Makes Projects Tougher Sell
Also: Vestas to lay off 3,000 workers as profit slides
Wind power projects are expected to decline sharply by 2013
by Tim Webb, The Guardian UK
Orders for offshore wind turbines in Britain will slump next year, threatening to halt the industry’s recent growth and the expected creation of up to 10,000 “green economy” jobs. Continue reading
Here’s the economic effect of the government’s energy plan: move to Quebec.
Look at Xtrata. 670 jobs lost in Timmins as they move operations to Quebec where they can get power at half the cost of Ontario. Stoney Creek Ice Cream production as well is moving to Quebec. Thank you Dalton!
High costs forced Stoney Creek Dairy out Hamilton Spectator
Gaucher said several factors combined to make the Stoney Creek ice-cream plant uncompetitive — taxes and electricity bills were almost twice what he pays in Montreal and the cost of city water was $8,000 a year in Montreal compared with $100,000 a year here.
by Rick Conroy Wellington Times
A better man might feel empathy for Dalton McGuinty. Gambling, I’m told, is an addiction. He may not be able to help himself. But here’s the thing—it’s Ontario’s energy future he is putting at risk and it is our money he is wagering. Dalton McGuinty never felt comfortable with the energy file. Not since he blurted out an ill-considered promise to close Ontario’s coal electricity plants, in an election debate in 2003, has he managed to grasp the complexity of the business of electricity or how tightly energy in general is tied to the economic prosperity and well-being of residents of this province.
Most folks leave things they don’t understand alone—they don’t try and turn the house upside down hoping it all comes out right. But that isn’t how McGuinty rolls—at least on this file.
Instead he is placing billions of your tax dollars and your children’s tax dollars on a bet that a mix of unproven wind, solar and other exotic means of electricity generation will one day put a meaningful dent into Ontario’s supply of energy. It is a high-stakes gamble—with about the same odds as winning the lottery. Continue reading
Ian Johnson CBC News
The past couple of days have been full of news about Ontario’s energy future. Close to 200 different alternative energy projects were announced, intended to yield 2,500 megawatts of power.
The big emphasis is on wind power. Premiere Dalton McGuinty claims that 20,000 new jobs, both direct and indirect, will be created, at a total cost of $8 billion.
That’s a lot of money, which is why a business columnist is weighing in. And whether you live in this province or not, this strategic direction profoundly affects you. I’ve got some bad news: Ontario’s energy policy decisions are 100 per cent wrong-headed and the best hope is that other provinces will learn from the error of our ways. Continue reading
Too close to CFB Mountainview
W. BRICE MCVICAR The Intelligencer
The winds of change have closed the door on a plan for one wind farm in Prince Edward County while another has blown wide open.
Residents have been informed by Skypower the company no longer plans to proceed with a 43-turbine wind farm due to economic factors and concerns brought forward by the military due to the proposed location of wind turbines in proximity to CFB Mountainview. However, the announcement comes just days after the Ontario government announced 184 green-energy project contracts across the province including the Ostrander Point project, a wind farm planned to be operational in Prince Edward County’s South Marysburgh Ward by late next year. Continue reading
By Margaret Wente Globe and Mail
Lots of folks are thrilled by Ontario’s big new investment in clean energy. Among them is Jim Creeggan, who plays bass guitar for the Barenaked Ladies. That’s because the government is going to pay him to put solar panels on his roof. “It’s a thrill to be able to power my own lights while, at the same time, contributing to my city’s electrical needs,” he enthuses. “I’m glad solar power is getting out of the fringe and into the mainstream.”
Should the rest of us be enthused? Maybe not. In solar terms, Toronto is not exactly Southern California. Even there, nobody has figured out how to make solar power cheap. The government will pay Mr. Creeggan and other solar producers around 80 cents a kilowatt hour for the power they sell back to the grid. That’s about 15 times more than the current spot price that consumers now pay for power. The difference will eventually show up on their electricity bills. Continue reading
Saving the Environment from the Environmentalists
By Lorrie Goldstein, Senior Associate Editor Toronto Sun
Ontario Premier Dalton McGuinty recently did something so stupid when it comes to … uh … fighting global warming, it should warn all Canadians to keep an eye on their politicians, lest they do something equally dumb.
McGuinty struck a deal with South Korean industrial giant Samsung Group to manufacture wind turbines and solar panels in Ontario, plus pay inflated prices for 2,500 megawatts of so-called green energy for the next quarter century.
Samsung will invest $7 billion in return for untold billions more to be sucked out of the hides of Ontario electricity consumers and, McGuinty hopes, other, as-yet-unsuspecting, consumers across North America.
How stupid is this deal? Continue reading
Dalton is betting on the wind industry with our tax dollars.
Also: Spain To Shed 2/3 Of Wind Power Jobs By End-2010 -Industry Group
By: Ross Marowits, Canadian Business
MONTREAL – AAER Inc., Canada’s lone manufacturer of large wind turbines, is facing growing headwinds as the alternative energy industry finds it increasingly difficult to finance new energy projects.
In a bid to preserve cash, the Bromont, Que.-based company said Wednesday it will temporarily lay off 28 employees, its second round of job cuts in five months. That follows 34 layoffs among operational and administrative employees announced the end of October.
AAER (TSXV:AAE) did not provide financial details on why it was necessary to lay off the workers, how long it expects them to be out of work, or whether these are new positions being put on layoff.
Company officials didn’t return calls seeking comment. Continue reading