Wind Hammers Ontario Ratepayers and Taxpayers

Yesterday (January 5, 2022) Ontarians were once again battered by gusting winds approaching 90 km at times and those with ownership of industrial wind turbines (IWT) in the province were loving it!  Our neighbours in Michigan, New York and Quebec, etc. also were pleased as they collectively took 59,242 MWh (megawatt hours)) of the 90,146 MWh generated by those IWT and only had to pay an average of $17.33/MWh (1.7 cents/kWh).

The 90,146 MWh ($135/MWh) added to the 7,800 MWh ($120/MWh) of curtailed wind generation drove the total cost of wind generation for the day to $13,106,000 or $145.39/MWh (14.5 cents/kWh).

Those IWT generated an average of just over 85% of their rated capacity throughout the day (including the curtailed MW) and 58% of their generation was exported for those very cheap prices.  I’m confident the trading companies buying and selling our surplus generation for our neighbours also enjoy the benefits we bestow on them too by creating the trading revenue.  

So, we generated approximately $1,027,000 from the sale of those 59,242 MWh but they cost us Ontario ratepayers and taxpayers about $8,613,000. That means we subsidized the sale with $7,586,000 or $128.00/MWh of our after-tax dollars!  We hope our neighbouring states and provinces are very appreciative of our continuing generosity!

We Ontario taxpayers and ratepayers should appreciate the very recent “mea culpa” expressed by our former Premier, Kathleen Wynne, in her interview with MacLean’s magazine when asked about issues she didn’t feel good about stated: “Well, I score myself very low on the electricity price,” Wynne said.“

Hey, Kathleen, we ratepayers and taxpayers score you and your predecessor, Dalton McGuinty and those minions like Gerald Butts, Katie Telford and Ben Chin who pulled your strings very low too. Perhaps your handling of the electricity file is why the Ontario Liberal Party became the EV (electric vehicle) minivan party. 

The unfortunate part of your party’s demise is Butts, Telford and Chin now pull the strings of the Liberal Party of Canada and seem intent on perpetuating your low scores on all of Canada’s energy security!

The Mark Carney[val] is in Full Bloom[berg] Part 2

Part 1 of this series briefly reviewed Mark Carney and some of the many creations he played a hand in developing or where he takes part in; including biased organizations such as the WEF (World Economic Forum) where he is a trustee or as the UN Special Envoy on Climate Action and Finance. The institutions and his creations are focused on altering the climate by using financial modeling.  The modeling seeks to either get the world to embrace socialism, globalism or perhaps communism and is cited as “The Great Reset’.  The WEF’s focus on “The Great Reset” tells us by 2030 “you’ll own nothing and you’ll be happy” and puts the Carney push in perspective.  The WEF just doesn’t tell us who will own everything?

The goal of The Great Reset and Carney’s role in it seems focused on using his credentials as former Governor of the Bank of Canada and the Bank of England to convince the global financial community (central banks) to adapt the concept which will make the super-rich richer and the middle class poorer!

Just a few days ago the Washington Post carried an article titled; “Why Big Central Banks Are Becoming Climate Warriors” which carried the following comments related to Carney: “In 2015, former Bank of England governor Mark Carney raised an alarm about the “tragedy” of climate change and warned specifically about “re-pricing” events. That includes physical damage that destroys the value of assets (such as waterfront properties), imposes new liabilities on companies (as shown by California utility giant PG&E Corp.’s wildfire-driven bankruptcy) or sharply raises insurance prices. Another risk is a sudden slump in the value of certain assets because of drastic government action to combat climate change, like the introduction of a steep carbon tax or regulations that keep fossil fuels in the ground. “The speed at which such re-pricing occurs is uncertain and could be decisive for financial stability,” Carney said.” The Post didn’t fact check Carney’s claims as the article was a product of Bloomberg L.P. which is part of Carney’s friend/associate, Michael Bloomberg’s empire.

Is it any wonder why a September 2020 Gallop poll showed 27% have “not very much” trust and 33% “none at all” in the US mass media!

The focus of the super-rich is on “climate change” and a reduction of those nasty CO 2 emissions which keep the world functioning by generating food for us humans and all plant and animal life.  Here in Canada rumours have circulated that Carney would run for the Liberal Party in the next election. That rumour has been dispelled as he recently tweeted he wouldn’t run in the next election! 

His tweet explaining why said: “Climate change is the most important issue on the planet. I made commitments to @antonioguterres & @BorisJohnson to help make sure @COP26 is successful this November. As a goalie, I know you don’t skate off the ice in the 3rd period of a must-win game.” You might if the other team offered to double or triple your pay which I suspect would be the opposite for Carney if he agreed to run for parliament with no guarantee he would win. He would have to forego what he currently receives for the over fifteen plus titles and positions he currently holds to avoid a conflict of interest.

The reduction of emissions he claims are needed will reputedly be created by central banks regulating financial institutions to ensure they price in climate change risk when regulating financial companies. Those institutions will be regulated to both invest and/or lend money to borrowers with sustainability goals! This will be accomplished by instituting “carbon taxes” on all of mankind’s consumption driving up the price of everything. Companies will be required to offset their emissions by purchasing “carbon offsets” which is where the big money will be made at the expense of the consumer.

A recent article in the Financial Times headlined: Carney calls for ‘$100bn a year’ global carbon offset market quotes him saying;“The demand for this is going to be huge, because we have this big shift. More and more companies-and it will be a tsunami by Glasgow-will have net zero emissions plans,” said Mr. Carney. 

Bloomberg Green ran a recent article about a top U.S. seller of “carbon offsets”, Nature Conservancy which noted they were reputedly selling meaningless carbon credits to clients such as “JPMorgan Chase & Co., BlackRock Inc., and Walt Disney Co., which use them to claim large reductions in their own publicly reported emissions.” The article went on to state; “In 2020, companies purchased more than 93 million carbon credits, equivalent to the pollution from 20 million cars in a year.“ An article from GreenBiz on June 14, 2021 claimed: “Carbon offset prices on average stand at just $3-5 per metric ton of CO2 at present, with experts fearing that prices are far below the level required” meaning to reach Carney’s suggested $100bn a year they would have to increase by more than 300 times their current level.

The foregoing raises the question; why has the Trudeau led Liberal Party imposed a cost of C$170/tonne by 2030 when the market is currently trading at only US $3/5.00 per tonne? The current levy on Canadians is currently C$40/tonne or about 10 times the current market rate!

Needless to say, one of the Carney creations; Taskforce on Scaling Voluntary Carbon Markets (TSVCM) recently morphed into Project Carbon, a Voluntary Carbon Marketplace pilot consisting (so far) of  CIBC, Itaú Unibanco, National Australia Bank and NatWest Group. They seek others to join them! Their stated aim, after claiming, “Corporations worldwide are using carbon offsets as a tool to implement their climate action strategies.” is “to support a thriving global marketplace for quality carbon offsets with clear and consistent pricing and standards and will provide a valuable pathway for our clients in their efforts to achieve a net zero goal.”  Presumably those “quality carbon offsets” are unlike those being sold by Nature Conservancy as noted above.

Just a presumption on my part but I suspect the real aim is to profit from the Carney creation and should all governments raise their “carbon tax” to Canadian levels their aim will be achievable.  No wonder another of his tweets stated “I fully support @JustinTrudeau & the @liberalparty and will do everything I can to help.”

It seems obvious Carney’s claim that “Climate change is the most important issue on the planet” is his narrative to fool the masses and Bloomberg L.P. aids the process via the media. His focus is clearly on consolidating wealth among the super-rich and that he joins the club!

The rest of us will own nothing and we will be happy!

Ottawa spending billions to get to net zero

Marc Patrone, host of the weekday show from 9 AM to 11 AM had me on as a guest this morning (June 17, 2021) to talk about the City of Ottawa’s “Energy Evolution”. While we discussed the foregoing briefly we also touched on several other energy related subjects such as the Line 5 pipeline and what the Ford Government has done in respect to the electricity sector in Ontario and the wind projects.

You can listen to the podcast starting at 1:17.37 here:

If you are a subscriber to NEWSTALKCANADA you can listen here:

https://newstalkcanada.com/?page_id=2527

ENERGY EVOLUTION: OTTAWA’S COMMUNITY ENERGY TRANSITION STRATEGY

City of Ottawa plans to spend $57.4 Billion to get to net-zero by 2050 and Carney is helping them

On April 24, 2019 the City of Ottawa passed a motion declaring a “climate emergency” and only two councilors voted against it.  Interestingly one of the “No” votes came from Rick Chiarelli, 2nd cousin of Bob Chiarelli, former Ontario Minister of Energy who during his term of service was a big fan of renewable energy which caused electricity prices to rise over 100% in the province.

Passage of the motion led to the appointment of councilor Scott Moffat as Chair of the City’s Standing Committee on Environmental Protection, Water and Waste Management. Moffat presumably accepted the position with his belief in the reputed and upcoming “climate emergency” motion he supported.

As an outgrowth of the “climate emergency” declaration, the Ottawa Community Foundation (OCF), a registered charity with assets of $178 million (CRA 2019 filing) launched the Ottawa Climate Action Fund (OCAF).  The official launch occurred May 14, 2021 and was moderated by Diana Fox Carney, who happens to be Mark Carney’s wife. 

As yet another coincidence, it was earlier announced on May 3, 2021, by Eurasia Group, “the world’s leading political risk research and consulting firm” (their claim), that “Diana Fox Carney, a widely respected expert on global climate and energy policy, will be joining as a senior advisor. At Eurasia Group, Fox Carney will work closely with Vice Chairman Gerald Butts, who helped negotiate the Paris Climate Agreement, to bolster the firm’s growing climate and energy practice. Most Canadians and particularly Ontarians will recognize the “Butts” name as it was he who; “behind the scenes”, influenced former Ontario Premier, McGuinty in the creation of the GEGEA (Green Energy and Green Economy Act) driving up electricity prices in the push for wind and solar generation.

On the launch day of May 14, 2021 the OCAF issued a press release announcing a: “$21.7M investment from the Government of Canada to bring Carbon Down and Community Up“.  As one would expect the press release carried words of wonder from Ministers Seamus O’Regan and Catherine McKenna on how those tax dollars would help save the world from the climate emergency while creating jobs and making life better for our kids and grandkids.

The City of Ottawa’s plan to get to net-zero by 2050 consists of 101 pages and starts with a “Thank You to Our Partners”. The report states; “The city extends its sincere thanks and appreciation to almost 200 public and private stakeholders representing more than 90 organizations” in discussions and technical workshops! One of those listed is Pollution Probe (a charity) who have been pushing environmental issues for several decades.  The interesting issue in respect to the City of Ottawa’s plan is it appears to have been created by Pollution Probe. When you link to the plan in PDF format it suggests it was PP’s creation not the City!  Also interesting is in the list of OCAF’s appointed advisors one finds an individual by the name of Chris Henderson.  If one looks at Pollution Probe 2020 GALA webpage the moderator for one of the sessions was Chris Henderson.  Coincidental, or is Ottawa’s “net-zero” plan a creation of PP rather than City officials?

The official OCAF online launch with Diana Carney as moderator took place on the same day (May 14, 2021) as the $21.7 million in tax dollars were announced.  The video recording of the launch is just over one hour and included presenters; Seamus O’Regan, Catherine McKenna and a few others including Councilor Moffat!  O’Regan waxed on about temperatures last winter being 10 degrees higher than normal in Labrador as a sign of the climate emergency but if he bothered to investigate history, he would have noted average winter temperatures in Goose Bay, where he grew up, vary by as much as 30 degrees from a low of -30 C to 0 C in January. Ottawa MP McKenna screeched she want’s Ottawa to be the greenest capital ever!

Reverting to the PP plan it is interesting to see the following:  “Financial analysis indicates that cumulative community-wide investments from 2020 to 2050 total $57.4 billion with a present value of $31.8 billion.” To put that in perspective the $21.7 million taxpayer dollars just awarded to the City is 0.4% of the investments reputedly needed and those investments are 14.5 times the City’s current annual budget of $3.94 billion. As one should suspect the plan recommends complete electrification of everything and utilizing renewable energy in the form of solar and wind (lowest power density of energy sources).  From the plan: 

The model indicates that the minimum results required to meet the 100% scenario under the electricity sector are:

• Solar photovoltaic (PV) reaches 1,060 MW by 2050 (approximately 36 km2 of solar PV47 mostly on rooftops)

• Wind generation reaches 3,218 MW by 2050 (approximately 710 large scale turbines)”

The proposal to have 1060 MW of solar panels (40% of what Ontario currently has) and 3,218 MW of wind turbines (60% of what Ontario has currently) to supply Ottawa with the power needed to achieve net-zero by 2050 is a dream Ontarians have already suffered though. Residents in Ottawa should get ready for electricity prices to more than double every 10 years.

The 101-page plan says absolutely nothing about the toxic elements in those 1060 MW of solar panels that will require disposal in 15/20 years when they reach their end of life and need to be removed from the 36 square kilometers of rooftops they will cover.  Interestingly enough, many will have to be removed and replaced before we even reach 2050.

The same concern should be considered in respect to those “710 large scale turbines” whose life cycle is about the same as solar panels and will be 160 metres in height as compared to the 98 metre height of the Peace Tower. I presume Catherine McKenna would welcome solar panels on her roof and one of those industrial wind turbines near or at her residence if she really wants Ottawa to be “the greenest capital ever”.

The OEB yearbook of Distributors for 2019 indicates the hourly peak demand for Hydro Ottawa in the summer was 1,348 MW and winter peak was 1,257 MW, By 2050 or sooner those peaks will double or triple. What that could mean is residents and businesses will be faced with rolling blackouts similar to those experienced by California, Southern Australia and were partially to blame for the Texas blackout. Those three regions have opted for unreliable and intermittent wind and solar generation although Texas hasn’t gone quite as far as California and SA have.

Those of us in the rest of Ontario should insist Hydro Ottawa be disconnected from the grid to ensure only the City of Ottawa is affected by blackouts or brownouts in the future.  Let them spend the $57.4 billion but only use the tax dollars generated by those living in Ottawa and the rest of us can sit back and watch what happens when politicians are eventually accused of harming those who voted for them.