Mandate Letters from PM Justin Trudeau has Canada Targeted for a “Net-Zero” Economy”

Back in June 2020 an article posted on Canadians for Affordable Energy titled,How best to shut down the Canadian Economy? It’s Complicated!” highlighted emissions reductions via the push for high carbon taxes versus government funding (grants) for building retrofits, purchase of EVs (electric vehicles), transit system electrification, etc. etc. along with regulations to achieve the objectives. My view was to oppose those suggestions as either would cause irreparable harm to Canada’s economy.

Fast forward to the recent election which gave the Trudeau led government a minority, but he acts as if he had received a majority. It is therefore no surprise, both of the above methods of going “green”; with the net-zero” emission target, is now firmly entrenched!  Trudeau and his large contingent went to COP26 in Glasgow and committed Canada to reduce emissions by 45% by 2030 and 100% by 2050. That suggests he may have cut a deal for support from the NDP before he left or his puppeteers wrote his script.  He sits as Canada’s Prime Minister and recently issued “mandate letters” to his newly appointed cabinet ministers in addition to: President of the Treasury Board, President of the Queen’s Privy Council and Leader of the Government House of Commons.

Each of the thirty-eight (38) letters he issued contained the following paragraph indicating he, or his puppeteers, are confident we will build that “cleaner, greener future”:

The science is clear. Canadians have been clear. We must not only continue taking real climate action, we must also move faster and go further. As Canadians are increasingly experiencing across the country, climate change is an existential threat. Building a cleaner, greener future will require a sustained and collaborative effort from all of us. As Minister, I expect you to seek opportunities within your portfolio to support our whole-of-government effort to reduce emissions, create clean jobs and address the climate-related challenges communities are already facing.

There are many smart people around the world who clearly enunciate; the science is not clear and conclude there is much more that affects climate change than mankind’s emissions.

PM Trudeau believes reducing emissions, as he promised at COP26, will create clean jobs at little cost. Those were the promises made to us in Ontario!  Dalton McGuinty and his right-hand man, George Smitherman, promised Ontarians those same things and the puppet masters behind that Provincial Liberal Party (Gerald Butts, Ben Chin, etc.) are now pulling the Trudeau strings.  An example follows:

Mandate Letter to Stephen Guilbeault, Minister of Environment and Climate Change

Trudeau’s mandate letter to Stephen Guilbeault, Minister, Environment and Climate Change is but one example of the mandate letters! It contains thirty-nine (39) commitments most ofwhich require Guilbeault to deal with other Federal ministries as well as the provinces and territories!

The following is one (1) of the 39 commitments in the Guilbeault mandate letter;

To achieve Zero Plastic Waste by 2030:

  • Continue to implement the national ban on harmful single-use plastics;
  • Require that all plastic packaging in Canada contain at least 50 per cent recycled content by 2030;
  • Accelerate the implementation of the zero plastic waste action plan, in partnership with provinces and territories;
  • Continue to work with provinces and territories to ensure that producers, not taxpayers, are responsible for the cost of managing their plastic waste;
  • Work with provinces and territories to implement and enforce an ambitious recycling target of 90 per cent – aligned with Quebec and the European Union – for plastic beverage containers; 
  • Introduce labelling rules that prohibit the use of the chasing-arrows symbol unless 80 per cent of Canada’s recycling facilities accept, and have reliable end markets for, these products; and
  • Support provincial and territorial producer responsibility efforts by establishing a federal public registry and requiring producers to report annually on plastics in the Canadian economy.”

As a presumed follow-up to the Mandate letter, Guilbeault’s Ministry issued a “News Release” on December 21, 2021 which presumably starts the response to his boss’s (Trudeau) instructions: 

The Government of Canada’s approach to banning harmful single-use plastics is based on evidence, facts and rigorous science. The proposed Regulations brought forward today are grounded in the findings of the Science Assessment of Plastic Pollution,* which the Government finalized in October 2020 after examining hundreds of scientific studies and other sources of evidence, which confirmed that plastic pollution is everywhere in the environment and that it has harmful environmental impacts.”

The quote in the press release from Minister Guilbeault indicates the “plastics ban” is a reflection of their plan for the plastic “circular economy”!  The upcoming bans on plastic products include the following presumably as stage one of the transition: checkout bags, cutlery, foodservice ware made from or containing problematic plastics, ring carriers, stir sticks and straws.

Reflecting on Trudeau’s mandate letter and Guilbeault’s plans one should wonder:

1.Did Guilbeault use a polyester rope to illegally climb the CN Tower?

2.When Guilbeault climbed the CN Tower was he wearing a polyester work suit?                                      

3.Are the glass frames around his glasses made of hemp?

4.Does the bicycle he has hanging on his wall have any fossil fuel components like say the tires?     

5.Is Guilbeault aware the solar panels he installed on Ralph Kleins house cannot be recycled?                       

6.Will Guilbeault impose tariffs on imported goods and “single-use” plastic packaging material protecting those goods? 

7.Will he insist China does what he is telling Canadians to do?

 *From the report:“In Canada, it is estimated that 1% of plastic waste enters the environment.“                                                                                                                                                                                        

                                                                                                                                                                                                       

The Canadian Institute of Climate Choices want us to Sink not Swim

Surely it was purely coincidental the CICC (Canadian Institute of Climate Choices) released their report titled: “Global climate policy acceleration means sink-or-swim decade for Canada’s economy” on the same, pre-announced day, Commissioner Steve Allan’s Alberta Inquiry into anti-Alberta energy campaigns was released!  Or was it?

Both of the foregoing reports were released on October 21, 2021 and while the Allan report was about 700 pages the CICC report was a meagre 122 pages.  The latter however, was full of disaster warnings about “climate change” and suggested “fossil fuels” were being replaced with wind and solar.  The CICC report went so far as to compliment China (the world’s largest emitter of CO 2) for being “an early leader in electric vehicles and solar technology”. The Allan Report (657 pages) was oblique in accusing Canadian environmental groups of using foreign funding to curtail and end fossil fuel generation. The foregoing  was concluded despite an independent report from Deloitte’s noting; “Total foreign funding, therefore, of “Canadian-based environmental initiatives” was $1.28 billion for the period 2003-2019.”  Apparently “climate change” activism is not a sin or a crime despite its probable outcome to create energy poverty.

Looking specifically at the CICC, “sink or swim” report one should note it is truly meant to scare the reader by suggesting if Canada doesn’t move to “net-zero” emissions we are in big trouble.  Specifically, their report states: “Around 2,000 workers have been affected by coal power closures, whereas over 880,000 people work in the transition-vulnerable sectors identified in Figure 18.” Figure 18 (page 59), discloses those workers who are reputedly at risk of losing their employment are in a variety of jobs including those in many of the areas at which Canada excels such as: oil and gas extraction, emissions intensive manufacturing, mining and quarrying, transportation equipment manufacturing and support for mining and oil and gas extraction! Needless to say, the forecast of those 880,000 job losses caught the media’s attention.

The CICC report in “picture terms” lays out the potential impacts in a chart (Figure 1) on page 6 by using a forecast from Central Bankslabelled as,“NGFS” (Network for Greening the Financial System).  The NGFS was launched by 8 founding central banks, under the leadership of Banque de France‘s governor François Villeroy de Galhau, the Dutch Central Bank‘s Frank Elderson and the Bank of England‘s former governor Mark Carney.” It should come as no surprise Mark Carney was actively involved in its formation. Their membership now contains 95 central banks The data, needless to say, is scary as without adoption of “net-zero” by 2050, in non-adapting countries, GDP is projected to fall by over 10% from current levels. CICC commissioned Planetrics (a Mckinsey & Company subsidiary), an international climate-risk analytics company, to stress test Canadian publicly traded companies and companies with Canadian operations. Apparently CICC with close to 100 reputed taxpayer supported “experts” was unable to perform that exercise.

At this point it is important to note the CICC was a creation of the now retired Catherine McKenna, former Federal Minister of the Environment and Climate Change. The CICC was created with $20 million taxpayer dollars and loaded its staff, Board of Directors, expert panels and advisory council with a myriad of eco-warriors mainly dependent on government largesse. Those eco-warriors seem intent on decimating Canada’s economic wellbeing via their actions in support of our current government and ending our dependence on fossil fuels.

Needless to say, we should believe the release of the CICC report to coincide with the Allan report was meant to offset its release.  The damning information in the Allan report only confirmed how Canadian environmental groups accepted foreign contributions to push the narrative—Canadian production of coal, oil and gas must cease!  One need look no further, then note, the current President of CICC is Rick Smith who spent 9 years at Environmental Defence pushing the “climate change” agenda. Failing that belief, perhaps the word came down from Jonathan Wilkinson, Minister of the Environment and Climate Change or his Chief of Staff, Marlo Raynolds whose past relationship with Rick Smith demonstrates serious collaboration between Pembina and Environmental Defence via the Strathmere Group.  

Both Raynolds and Smith signed the Strathmere Goup’s “Declarations” jointly and one of those clearly was:

Declare a moratorium on expansion of tar sands development and halt further approval of infrastructure that would lock us into using dirty liquid fuels from sources such as tar sands, oil shale and liquid coal.”

We should be confident the release of the CICC’s “sink or swim” report on the same day as the Steven Allan Inquiry was planned to ensure the main stream media focused on the forecasted loss of those 880,000 jobs that will occur should Canada not commit to “net-zero”!

Collaboration between CICC and those in political power clearly reflects their intentions to harm Canada’s economy!

Interesting Observations here at Home and Elsewhere Before COP 26

The past few days have again shown the world the negative effects of trying to control “climate change” associated with stemming the oft cited UNIPCC scary forecast of a 1.5 degree of warming.

Ontario Comes First in Subsidizing Energy Costs

On October 19,2021, Ontario’s FAO (Financial Accountability Office) released a report titled “Home Energy Spending in Ontario: Income and Regional Distribution”. It is an interesting report and tells us how the Provincial government; ie: taxpayers, subsidized residential electricity and heating costs over the 2019 year. The report breaks down the cost of residential electricity and heating costs in five sectors by both geography and income and tells us the costs of those subsidies.  We should suspect the taxpayer cost has increased significantly since the end of 2019 due to the Covid-19 pandemic and on and off again lock-downs. We should also recognize those costs were brought to us by the well-over 100% increase in electricity costs ratepayers experienced as the McGuinty/Wynne government brought us the GEA (Green Energy Act).  The FAO’s estimate for the subsidies in 2019 for the electricity sector was a cost to taxpayers of $3.5 billion. The report as noted highlights spending on those necessities of life in five regions and one of them is “Eastern Ontario”.  One sentence in the report stood out as it was about the Eastern Ontario region where they experience the highest “income per household” and the highest “average home energy spending”!  The sentence referencing a portion of that region stated: “High household incomes and large dwelling sizes, particularly in the Ottawa-Gatineau area, drive high energy use in the Eastern region.” That should come as no surprise as the area is loaded with highly paid bureaucrats and politicians.  It is also the region where local politicians want to spend $57.4 billion to achieve “net-zero” emissions by 2050 for Ottawa only.  Hopefully they are not looking for any contributions to their plans from the rest of Ontario’s ratepayers or taxpayers.

How will UK PM Boris Johnson Dance for the Eco-Warriors at COP 26

A short article from “Oil Price” titled “UK Grid Relies For 62 Percent On Fossil Fuels For Its Energy” should be a shocker to PM Johnson with COP 26 mere days away and energy prices skyrocketing in the UK and Europe. Natural gas prices, in particular, have reportedly risen by over 400%. The captioned article noted electricity generated by natural gas represented the bulk (60%) of the 62% with coal generation representing the other 2%!  Another recent article in CNBC stated; “Rising gas prices aren’t a problem unique to Britain. In recent weeks, governments in Spain, Italy, Greece, and France have taken drastic actions to minimize its impact on consumers.” One should wonder how those representing the various governments will react to the thousands of Eco-warriors attending COP 26 in Glasgow who will insist on firm commitments to achieve the “net-zero” target to reputedly save the world from the dreaded “climate change” event. The developing world countries attending COP 26 will also be looking for handouts to help them get to net-zero.  The developed world countries, from whom they seek the trillions of dollars will be hamstrung as any funds they may have been prepared to commit are disappearing into the abyss to support their own citizens due to the climb in fossil fuel energy.

Just more bad news that Johnson will have to deal with!

Pledges by Banks to Cut Funding for Drilling of Oil and Gas in the Arctic and elsewhere Contain Loopholes

Less than a week ago Mark Carney, former Governor of the Bank of England convinced the “Big Six” Canadian banks to join his NZBA (Net-Zero Banking Alliance) mere days before the launch of COP 26 in Glasgow, Scotland.  The six Canadian banks brought the total number in the “alliance” to 81 representing 36 countries and US$58 trillion in assets. This would suggest many banks in many countries have not kowtowed to Carney or the UN despite the forecasted climate catastrophe. The signatory banks of the “alliance” reputedly agree to align their lending and investment activities to achieve net-zero targets by 2050 as well as set intermediate target reductions by 2030.

Needless to say, the eco-warriors such as Greenpeace weren’t satisfied!  Keith Stewart, senior energy strategist with Greenpeace Canada, said Canadian banks have to do more than join the alliance. “The world is accelerating toward a zero-carbon economy and Canadian banks are still playing catch up. Until they commit to a near-term phasing out of all financial support for fossil fuels and to fully respect Indigenous rights, they will still be part of the problem.”

The foregoing pitch by Greenpeace was also the subject of another article about “alliance” member banks lending to corporations involved in Artic oil and gas drilling as environmentalists and some asset managers (115 investment firms with assets under management of US$4.2 trillion) noted they want more action.  Apparently, banks are not specifically lending to Artic projects but do lend directly to corporations who then may use some or all of the funds for Artic related oil and gas exploration and extraction.

Somehow, I doubt the politicians in those two Artic countries of Russia (12.4 million b/d) and Norway (2 million b/d) who produce oil and gas have any intention of instructing their banks to stop providing the cash required to either fund new developments or provide the working capital needed to continue their generation.

We should believe the Mark Carney(val) and its push to get more members of NZBA will become harder as his support of UN efforts to reach net-zero by 2050 will cripple their economies much as it has in many of the European countries along with Canada.

LMDC Pushback and China’s Power Crises Impacts Global Economy

Well, as the expression goes; “the shxt has hit the fan” as India’s environment minister “said the delayed climate action and lack of leadership from developed countries have increased the cost of mitigation and adaptation in developing countries, and jointly flagged how “calling all countries to adopt ‘net-zero’ target by 2050 is inequitable.” What he was emitting (writer’s interpretation) at a meeting of the LMDC (like-minded developing countries) including China, Pakistan, etc. in Bolivia was: they won’t be bullied into any commitments at COP 26 to reduce emissions without the developed world handing them billions or trillions of dollars more.  With many of the developed economies suffering from declines in their GDP and climbing inflation it also seems unlikely they will commit to increase the promised $100 billion for developing countries.

As if to make matters worse in both developing and developed countries the global spikes in the cost of fossil fuel energy and its current limited supply has caused blackouts.  Interestingly those blackout events have affected developed countries who outsourced much of their manufacturing base and now are faced with shortages in obtaining supplies they are dependent on.  That has resulted in higher inflation, unemployment, reduced GDP, economic support for their workers and increased taxpayer debt.

The foregoing spells more bad news for the upcoming COP 26 conference in Glasgow, and reinvigorates additional screaming from the eco-warriors. 

One has to wonder will this cause the demise of the premise that CO 2 emissions will cause the world to collapse and force the eco-warriors to find a real job?   Only time will tell!

Coal’s comeback as gas prices surge, and COP 26 climate gabfest in Glasgow, Scotland

I was on the radio station NEWSTALK SAUGO 960 AM with Marc Patrone once again and we covered some interesting local and global issues including coal’s comeback and some of the events that will plague the COP 26 upcoming gabfest in Glasgow.

You can tune in here to the Marc Patrone radio podcast for October 13th starting at 1:07:50 for our chat.

or you can WATCH and listen to our conversation on NEWSTALK CANADA here:

https://www.newstalkcanada.com/?page_id=22

Canada Missed the Boat Thanks to Our Prime Minister and “The Sky is Falling” Environmentalists

Someone needs to tell Canadian taxpayers:

 1.Why we taxpayers paid for over 300 politicians and bureaucrats to attend the Paris COP21 Conference

 and

2.Why we committed at that time to reduce our GHG emissions by 30% by 2030 below 2005 levels (since revised to 40/45% by 2030) without a cost/benefit analysis or a little foresight?

Had the politicians and bureaucrats done either (without just listening to the “climate change” eco-warriors) they may have possibly seen future events we are now experiencing around the world! 

To wit:

European Energy Prices are Breaking Records

A colder and longer winter depleted gas supplies which have not recovered so prices have climbed as availability from Europe’s gas fields have fallen and Russia’s Gazprom is focused on restoring their own gas storage as winter approaches.  Other events such as much less generation from industrial wind turbines have affected demand to the point that even coal plants had to be fired up.  Both of those commodities are either at record highs or closing in on them.  As a recent article in Aljazeera noted; “Europe has the world’s most ambitious climate plan, but political will is being tested by soaring energy costs. As countries take steps to ease the blow on consumers, Spain warned the European Union that measures to reduce emissions “may not stand a sustained period of abusive electricity prices,”. To make matters worse, Norway, famous for its hydro power said they are “pressed” due to low water inflows so interconnections with the UK, Germany and Denmark means those countries cannot count on any supply from them during the high demand winter.

India sees Petrol, Diesel and Coal Prices at Record Highs

A article on October 2, 2021 stated both diesel and petrol prices in India reached record levels.  It should be noted India is dependent on imports to meet 85% of its oil needs so the effects on the economy will be significant. India is also dependent on coal for electricity generation with about 70% of it’s generation provided from that source and a Reuters article from October 1, 2021 noted “Over half of India’s 135 coal-fired power plants have fuel stocks of less than three days, government data shows, far short of federal guidelines recommending supplies of at least two weeks.“ Interestingly enough India competes with China for coal imports and they are the world’s largest coal consumer. The Reuters article goes on to note: “Coal prices from major exporters have scaled all-time highs recently, with Australia’s Newcastle prices rising roughly 50% and Indonesian export prices up 30% in the last three months.

China Experiences a Myriad of Blackouts

Recently a very observant contact sent me a seventeen-minute video dated September 30, 2021 and it was fascinating to watch as it contained numerous blackout scenes from Chinese homes and businesses mainly in North-East China where many of the larger manufacturers are located. Those companies have been told to either reduce energy usage during peak demand periods or cut the number of days they operate. One of the reasons for the blackouts is that approximately 57% of electricity in China is generated from coal which has increased in price. Those coal-fired plants are unable to increase prices due to government price controls of electricity so they have reduced their output in an effort to reduce losses. The shutdown of factories will affect the global supply chain and as one example, that has been noted in the press as both Apple and TESLA have been affected.  The latter is interesting as the push is on in Canada and around the world to limit sales of ICE vehicles and eventually banish them in order to reduce emissions. China has been a major supplier of batteries and other materials for EV manufacturers and additionally about 50% (4.7 million) of all EV in the world are owned by Chinese citizens.  Needless to say EV charging stations have been shut down by the blackouts so the enthusiasm to purchase EV by China’s citizens will surely diminish as they will in other parts of the world!

Energy Lawsuits may make COP 26 to be a Breakup of the Paris Accord

What looms ahead for Boris Johnson, the UK’s Prime Minister as host of COP 26 in Glasgow later this month is unknown but he should be concerned.  Beyond the recent events affecting so many countries around the world including the UK, in respect to fuel shortages and their negative effects on inflation and the global supply chain there is yet another one looming! A Reuters article published just a couple of days ago may cause the Paris agreement on climate change to be (appropriately) tossed in the garbage.  Specifically, what the article references is: “The Energy Charter Treaty (ECT) was originally drawn up to protect energy firms as the Soviet Union crumbled, but new analysis suggests it could allow coal plants in 54 signatory states to keep belching carbon dioxide for more than a decade.“ The article went on to say: “What they never thought about is that the treaty could be used against the EU countries themselves,” added Saheb who is now working as the lead author of a U.N. Intergovernmental Panel on Climate Change working group on climate mitigation.“  Saheb went on to suggest the suits could reach 1.3 trillion euros.  There are apparently a number of lawsuits that have already started totaling $18 billion with the largest being TC Energy’s $15 billion suit against the US under NAFTA (North American Free Trade Agreement) for cancellation of the Keystone Pipeline. Canada is also being sued under NAFTA by oil and gas company Lone Pine over a fracking moratorium by Quebec.

We are Not Back

Terry Glavin in an article in the National Post on March 15, 2017 noted PM Justin Trudeau went to the Paris Climate Summit in 2015 weeks after winning a majority and said: “Canada is back, my friends”. Trudeau and the other 299 plus politicians and bureaucrats he took with him simply gave away Canada’s prosperity which the Liberal Party inherited. He committed to reduce emissions and to basically shut down the fossil fuel sector.  His commitments are now biting us negatively.  If he had not been totally swayed by his buddy and puppet master, Gerald Butts, Canada might now be the best performing developed county in the world but instead we are scraping the bottom of the G7 and G20 barrels in terms of our GDP and our employment and inflation rates.

Had he reduced regulations, allowed pipelines to be built, mines (coal and others) to expand, etc. Canada would be prospering instead of contracting.  Our natural resources would be in demand around the world and Canadians would be reaping the financial benefits of foresight but alas the unelected eco-warriors won and now we are paying for the consequences! Should Trudeau decide to attend COP 26 let’s suggest he travel alone and when speaking in public he declares: 

Canada is at the back of the pack!

Climate Change Armageddon Has Arrived or so it Seems

Quite the week with some interesting things going on globally related to the electricity sector and how havoc has struck in some parts of the world! The following are just a few that caught my eye!

South Australia big Tesla battery sued for not helping during Queensland coal power station failure

South Australia has gone bigtime into renewable energy and back in 2016 they experienced a major blackout and in March 2017 the blame was squarely laid on renewable energy (wind and solar) by AEMO (Australian Energy Market Operator).  The blackout had triggered Elon Musk to step into the fray via a winning bid to build a battery storage unit which they did successfully in the 100 days promised. Since then other (TESLA) battery storage units have been added and one of them failed to deliver the power stored when called on back in 2019 and now are being sued by the AER (Australian Energy Regulator).  As it to top things off in Australia; a fire broke out at another big TESLA battery storage unit (300/450MW) under construction.  One article about the fire stated; “More than 150 people from Fire Rescue Victoria and the Country Fire Authority responded to the blaze, and it is expected to burn throughout the night for 8 to up to 24 hours.”  The foregoing lawsuit and the recent fire suggests battery storage may not be what will supply us with reliable power to back up intermittent wind and solar.

As one would expect California has also gone full bore into battery storage and they too recently experienced an event which forced the shutdown of Moss Landing reputed to be “the largest battery storage facility in the world“. The owners, Vistra Corp. claimed; “a limited number of battery modules” at the storage facility overheated on Saturday night, resulting in the facility going offline.“ Another more current article on September 16, 2021 had the following: “Now, only nine months into operation and less than three weeks after Vistra cut the ribbon on an expansion, most of the largest battery storage facility in the world has gone dormant with no timeline for a return.“  It certainly appears, based on these recent events that unreliable power generation storage should not be the back-up for unreliable and intermittent power generation.

Close to home and a recent Hydro One Bill

Receipt of a recent Hydro One bill and the information contained in it led the writer to do a quick calculation to determine the “total cost” per kWh (kilowatt hour) on what I was required to pay. Simply dividing my total bill by kWh consumed showed the all-in cost was 14.3 cents/kWh. Flipping the bill over however one notes, a little box titled “What do I need to know?”  That box had a fairly large amount listed as “Total Ontario support:” followed by a dollar amount. When the latter amount is added to what I have to pay and divided by our consumption the cost per kWh comes to 23 cents/kWh.  The difference of 8.7 cents/kWh multiplied by the kWh delivered to “residential customers” (13.448 billion kWh) by Hydro One (according to the 2020 Yearbook of Distributors recently released by the OEB (Ontario Energy Board), indicates tax dollars paid to them to keep residential rates at 14.3 cents/kWh amounts to $1.170 billion but their pretax net income was only $414 million.  Now they are applying to the OEB for approval to spend $13.5 billion over the next five years which will undoubtedly further increase rates and tax subsidies. 

China’s sudden hate for cryptocurrency mines

An article in the Financial Post about theft of electricity to create a bitcoin mining operation by a public employee of a NY State County suggested he will face a myriad of criminal charges.  The FP article referenced a NY Times estimate that bitcoin mining uses 91 TWh globally which is about what 8 million average Canadian households consume annually. Another article noted a Cambridge University study suggests; “Globally, Bitcoin mining consumes around 121 TWh a year

The bulk of bitcoin mining has been in China which was once said to contain about 75% of all cryptocurrency mines but China has been forcing out the miners who were using their low-priced electricity meaning many of them have either moved or are looking elsewhere. We should suspect China’s move is associated with the upcoming COP 26 Conference in Glasgow.  China will not be stepping up to agree to reduce their emissions at COP 26 but by booting out the bitcoin miners (63% reputedly used coal generated electricity) they will reduce the need to add more coal fired electricity.  One should also understand that the current price for coal per ton has soared over the past 12 months which presumably is driving up energy costs in China. Where those cryptocurrency miners relocate to however, will directly impact emissions from the countries they move to.

The Circular Economy

The WEF (World Economic Forum) in one of their posts stated: “The circular economy, which promotes the elimination of waste and the continual safe use of natural resources, offers an alternative that can yield up to $4.5 trillion in economic benefits to 2030.“ Is the following picture (sent to me by a contact who asked me to spot the bulldozer) what the founder of the WEF, Klaus Schaub and one of his advisors; Mark Carney, had in mind?

Unrecyclable wind turbine blades being buried in a landfill seem to form part of the “Circular Economy”!

One should wonder why the WEF and others push renewable energy from wind and solar and believe the world’s population will not recognize the lies they are advancing to simply increase their wealth?

If the UK’s PM Boris Johnson was smart, he would cancel COP 26 as the world struggles to cope with the faulty unreliability of the “green energy” adopted by so many politicians and caused a cessation in investment for reliable fossil fuels and a significant spike in their costs due to green energy’s failures.

The results around the world of the “green” push continue to illustrate the fallacy of exiting fossil fuels without having anything resembling reasonably priced reliable power at the ready!  

Marc Patrone Podcast of September 24, 2021 covered lots of ground

I was once again invited to be on the Marc Patrone Show on SAUGA RADIO, 960 AM on Friday, September 24th as his closing segment and we covered some interesting topics including: Canada’s taxpayers picking up the cost of urban transit fares, electric buses, China’s sudden hate for cryptocurrency mining, the UK’s recent power problems on the brink of COP 26, the upcoming “climate change” pandemic and allocation of individual “carbon credits” and a quick look at the Artic and China’s interest in wanting to mine our natural resources.

You can listen to the podcast here starting at 1:25:50: