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

ECO-Warriors in Shock as Last Week’s Events Unfolded

A few news stories over the past week caught my eye due to their rational views overturning claims from ENGO pushing for success at COP 26 to achieve the “net-zero” target. Here are three of the best.

Shutting Ontario’s Gas Plants Would lead to Blackouts and Cost Households $1,200 More Annually

On October 7, 2021 Ontario’s IESO (Independent Electricity System Operator) issued a press release announcing they had reviewed requests from thirty (30) Ontario municipalities associated with their demand gas plants should be shut down.  The press release highlighted the findings of the report titled: “Decarbonization and Ontario’s Electricity Systemwhich were:

Completely phasing out natural gas generation by 2030 would lead to blackouts and the system changes that would be required would increase residential electricity bills by 60 per cent.

Ontario’s electricity grid is only responsible for roughly three per cent of the province’s total GHG emissions and is well positioned to support the electrification of other sectors.

Ontario’s electricity system is constantly evolving and the IESO is actively integrating emerging technologies that have the potential to meet Ontario’s long-term needs.”

The 60% increase in the first highlight noted above would increase residential bills by $100/month along with generating blackouts. The second highlight notes Ontario’s electric grid is one of the cleanest in the world yet eco-warriors such as the CRA registered charity; the OCAA (Ontario Clean Air Alliance) want to make it 100% emissions free but are seemingly OK if we experience “blackouts!

Followers of my blog will no doubt recall a prior article about the OCAA and their Chair, Jack Gibbons who wowed those 30 municipal councils convincing them to push the Ford led government to close the gas plants. It is interesting to look at the IESO data on the day of their press release as it easily demonstrates the inability of wind and solar generation to provide a reliable supply of energy.  Hour 17 (5PM) ended with those two generating sources providing a miserly 0.93% (157 MW) of that hour’s demand which was approximately 16,860 MW.  On the other hand, flexible and reliable gas generation provided 22.6% (3,807 MW) for that hour ensuring supply was sufficient for ratepayer needs.

Ontario ratepayers should be thankful IESO provided a report with facts to dispel the lies of the eco-warriors such as those spewed by Jack Gibbons!

You’re kidding when you say: UK’s Biggest Source of Greenhouse Gas is an ‘Eco’ Power Station

A very recent article in the UK’s Daily Mail cited the European Academies Science Advisory Council and stated; “using woody biomass for power is not effective in mitigating climate change and may even increase the risk of dangerous climate change”.  It is always gratifying to have others confirm what you, as an individual, noted in the past and this was one such occasion. An article I wrote and posted on Energy Probe basically reached the same conclusion as the EASAC over seven years ago in March 2014. The article noted wood pellets produced in North and South America for DRAX were shipped to England for transportation by rail to Yorkshire where DRAX’s generation station is located.

The Daily Mail’s article went on to note: “Drax in Yorkshire burns wood pellets, which are treated as a ‘renewable’ fuel and the site has attracted more than £800million of taxpayer subsidies. But analysis shows that the burning of wood for power – known as biomass – has been the cause of more carbon dioxide emissions than coal since 2019.” The article goes on to state: “Drax is Europe’s third largest CO2 emitter, exceeded only by Belchatow in Poland and Neurath in Germany. In the UK, Drax leads CO2 emissions, with RWE’s Pembroke gas power station coming in second with 4.3Mt of CO2.“ It does seem rather strange the  accounting rules allow Drax to be treated as “carbon neutral”!

Nice to see the truth for a change when it comes to the push to decarbonize the world by the eco-warriors but one should wonder why it took EASAC and the MSM so long to recognize those lies?

Greenpeace Loses Supreme Court Case Against BP

BP (British Petroleum) had been granted a permit by the UK government to drill for oil in the Vorlich Field in the North Sea but before they could activate the permit Greenpeace decided to challenge them in the courts.  The article, in the Rigzone Energy Network October 8, 2021 stated  “Environmentalist group Greenpeace has lost its court case which challenged the UK government’s decision to grant a permit to BP to drill the Vorlich Field”. Greenpeace’s principal claim was “the government gave no consideration to the climate impact of burning the fossil fuels extracted”.

The written ruling stated: “Although the appellants’ aspiration is for such extraction to cease, it does not appear to be contended that the UK economy is not still reliant in a number of different ways on the consumption of oil and gas. At present, a shortage of oil and gas supplies is a matter of public concern,” the Lord President, Carloway, added, referencing recent political developments around the gas price crisis. The ruling went on to state: “It would not be practicable, in an assessment of the environmental effects of a project for the extraction of fossil fuels, for the decision maker to conduct a wide-ranging examination into the effects, local or global, of the use of that fuel by the final consumer,”

The court however did push the decision up the line to elected politicians noting: “The Secretary of State’s submission that these are matters for decision at a relatively high level of Government, rather than either by the court or in relation to one oilfield project, is correct. The issue is essentially a political and not a legal one,” Lord Carloway concluded.

What the ruling suggests is Greenpeace and other ENGO should confine their activities to lobbying politicians and their bureaucrats as the legal system will only deal with laws passed by parliament.

The article also made mention that back in 2019 Greenpeace tried “to stop BP from drilling on the Vorlich field by intercepting its chartered drilling rig Paul B. Loyd, Jr. some 80 miles off Scotland, forcing the rig to turn back. Several arrests were made as a result.”

The three events noted above give us hope there are people still left on the planet with rational thought processes.  Perhaps some of them will infiltrate the MSM and the political parties!  We can only hope!  

As an aside the “net-zero” concept and electrification of everything in our lives was pushed via TV ads back in 1961 and the ads are still available on YouTube!  “Live Better Electrically”  No mention of either climate change or emissions back then however!

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!

Mark Carney Got One Thing Right But Seems Wrong About His Other Preaching’s

Recently I received Steven E. Koonin’s book “Unsettled” in which he eloquently analysis the 2018 UNIPCC report that served the eco-warriors with some scary scenarios they amplified in their push to stop the world from consuming fossil fuels.  Fossil fuels have served the world in a meaningful way by reducing poverty and climate induced deaths and those issues are highlighted in Koonin’s book with facts.  He is not overly critical of the actual results reported by the scientists who produced the report but castigates the media and politicians for their apparent overzealous approach inferring mankind will perish should we continue to emit CO 2.

Amusingly he does cast aspersions on Mark Carney highlighting him as “the single most influential figure in driving investors and financial institutions around the world to focus on changes in climate and human influences on it.”  Koonin first paints Carney as an outstanding central banker but than clearly highlights one of his faulty claims about the future as it applies to climate change with the verbiage; “it’s surprising that someone with a PhD in economics and experience with the unpredictability of financial markets and economies as a whole doesn’t show a greater respect for the perils of prediction-and more caution in depending upon models.”  

The take from yours truly in respect to Carney was much more critical in a recent article I penned but, having no concerns about offending fellow humans pushing to destroy our economy allows yours truly to point out their fallacies in a less gentle way!

Below is the full text of Koonin’s criticism of Mark Carney as it appeared in my hard copy.  I recommend you take a couple of minutes to read what he had to say and note; it is a reflection on all the other “climate change” issues he opines on.  He calls everyone out with facts, and I would encourage all to acquire and read this excellent book to dispel any false beliefs you may have.                                    

Unsettled by Steven E. Koonin

The following was selected from pages 145 to 147

Mark Carney, former head of Canada’s central bank and later head of the Bank of England, is probably the single most influential figure in driving investors and financial institutions around the world to focus on changes in climate and human influences on it. A learned man, with a PhD in economics from Oxford University, he has been an outstanding central banker. Carney is now the United Nations’ Special Envoy on Climate Action and Finance. He is also a UK advisor for the 26th annual UN Conference of Parties (COP26), a follow-on to the 2015 Paris climate conference that’s due to take place in Glasgow, Scotland, during November 2021.  So it’s important to pay close attention to what he says.

                In a 2015 speech just before the Paris conference, speaking as governor of the Bank of England, Carney laid out many aspects of “the insurance response to climate change.” Extreme weather costs insurance companies a lot of money, so perhaps it is no wonder that his appeal included a warning about flooding:

Despite winter 2014 being England’s wettest since the time of King George; III; forecasts suggest we can expect at least a further 10% increase in rainfall during future winters.

To support that assertion, he cited Britain’s Met Office “research into climate observations, projections, and impacts,” These were model forecasts for the next five years, so you might expect they’d be more accurate than those attempting to project climate fifty years out. Let’s turn to the data and see.

                Figure 7.13 shows the observed winter precipitation (December through February) in England and Wales up through 2020; it’s one of the longest instrumental weather series available, beginning in 1766.  The average rainfall looks pretty constant over decades from 1780 to 1870 and again from 1920 to the present.  A shift occurred somewhere over the fifty years in between, when human influences on the global climate were quite negligible.

                Carney was correct that 2014 was a record wet winter (455.5 mm or 17.9 inches), and it was indeed the “wettest since the time of King George,” since George III’s reign lasted until 1820. But the Met Office models Carney cited back in 2014 all turned out to be dead wrong. Rainfall during the six winters after 2014 was well in context with the previous century, and it averaged 278 mm, 39 percent less than the 2014 record and nowhere near the “at least” 500 mm implied by the predicted increase. And a Met Office analysis published in 2018 found that the largest source of variability in UK extreme rainfalls during the winter months was the North Atlantic Oscillation mode of natural variability not a changing climate.

                Of course Carney could take refuge in his speech’s subjunctive “forecasts suggest” and the indeterminate hedging of “future winters.” Nevertheless, it’s surprising that someone with a PhD in economics and experience with the unpredictability of financial markets and economies as a whole doesn’t show a greater respect for the perils of prediction-and more caution in depending upon models.”

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:

Minnesota Court Case, Electric Vehicles in the UK, China’s Emissions and COP-26 etc.

Marc Patrone, host of his show each weekday morning on NEWSTALK SAUGA 960 AM had me on as a guest this morning (September 15, 2021) and the captioned covers only a few of the subject we discussed.

You can listen to our 15 minute chat on the podcast for September 15, 2021 starting at 1:21:50 here:

Podcasts