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!

Why should China’s Emissions GO UP while PM Trudeau Insists Canada’s will GO DOWN

An article in TIME dated August 21, 2021 stated “China is planning to build 43 new coal-fired power plants and 18 new blast furnaces — equivalent to adding about 1.5% to its current annual emissions“.  To put that in context, China’s emissions in 2020 are estimated at 14,400 million metric tons which is about triple what the US emits annually and 20 times what Canada emits. The 1.5% China’s emissions will increase; is 216 million metric tons and equivalent to about 29% of Canada’s 2005 emissions. Trudeau has committed to reduce Canada’s emissions by 40-45% by 2030; (299/336 million metric tons) or about 138% of what China’s emissions will increase from the point when those power plants and blast furnaces are operating and increase employment in China while the developed world continues its self-flagellation!

Even the foregoing commitment by Trudeau et al wasn’t enough in the eyes of some of the environmental groups such as Greenpeace (a Strathmere Group member) who suggested it should be at least a 60% reduction (448 million metric tons).  Greenpeace’s article goes on to state: “We must start with eliminating fossil fuel subsidies immediately” and criticizes Trudeau claiming; “After more than five years in office, the Trudeau government is still incapable of proposing a target as ambitious as that of Joe Biden who took office just three months ago.”  What Greenpeace fails to mention is Biden’s cancellation of the Keystone XL pipeline from its neighbour, Canada, and his ironic recent call-out to OPEC countries and its allies to pump out more oil to help reduce “prices to consumers”! 

The Trudeau Government has apparently listened to the cry from the eco-warriors such as Greenpeace however as one example is they recently banned future thermal coal mines because of their reputed contribution to climate change!

Apparently as U.S. President Biden noted, a shortage of fossil fuels causes inflation which is clearly what Canada is now experiencing.  Canada’s inflation rate hit 3.7% recently principally due to the myriad of taxes and regulations associated with our generation of fossil fuels. To top things off our GDP (gross domestic product) fell in the latest quarter by 1.1% despite most economists forecasting a growth of 2.5%, expecting a bounce back from the Covid-19 pandemic!         

It certainly appears Trudeau’s admiration of Communist China uttered by him in 2013 is still top of mind but working in reverse.  What he said at that time was: “There’s a level of admiration I actually have for China. Their basic dictatorship is actually allowing them to turn their economy around on a dime.

What he fails to see is his inane leadership punishes all Canadians while supporting China by increasing our inflation rates and reducing our GDP!

Our dime is now worth a nickel!

Pushing electoral climate policies on voters who don’t care

Marc Patrone of SAUGA 960 AM had me as a guest on his moring talk show once again today, August 19, 2021. We covered a fair amount of ground related to the recently called election and it’s partial focus on “climate change”. It came on the heels on the latest UNIPCC report released last week which was intentionally scary. It also is interesting our voting day will occur on the last day of summer and before we start to feel the full effects of colder weather. When that colder weather arrives we will experince rising heating costs should you heat your home with a natural gas or propane furnace as market prices for both have shot up along with that of gasoline.

You can listen to our conversation starting at 1:16:47 of the podcast here:

It you are a subscriber to NEWSTALK CANADA you can listen here:

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

Strathmere Group Part 5 (A) the Final Chapter and Declarations 1,2,3,4,5 and 6

Collaboration Amongst the US and Canadian Eco-Warrior Charities

The time has come to have a hard look at the joint “Declaration” and the seven (7) objectives of the 12 Canadian and 21 U.S. “Environmental and Conservation Leadersto determine their success in meeting their objectives when they signed it back on June 2, 2009.  We will examine each of the goals in order of their appearance in the original letter.   Those will be done one at a time and added to this article every few days in order to keep each review down to a two- or three-minute read.

Before reviewing the goals, here is a quick look at the lead-in of the letter.

Eco-Warriors pontificating on North American Ingenuity:

North American ingenuity can protect our deteriorating atmosphere, grow manufacturing jobs in harnessing wind and solar energy, improve our security by reducing our dependence on oil, minimize climate change’s drastic impact on human and natural communities, and protect our fragile natural areas such as the Arctic and the Boreal Forest.”

Ontarians were told by Premier McGuinty and his Energy Minister, the GEA (Green Energy Act) would focus on “harnessing wind and solar energy” and would create 50,000 jobs while only increasing electricity rates 1%.  Coincidently the GEA was introduced in the Legislature February 23, 2009 and received third reading later that year.  We know how that turned out as electricity rates climbed by over 100%!  As the Fraser Institute pointed out: “Alas, those benefits also proved illusory: the government now admits the 50,000 jobs claim was not based on any formal analysis; that most of these green jobs would be temporary, and the estimate didn’t account for the jobs that would be killed by escalating electricity costs under the GEA.”

Now on the issue of reducing our dependence on oil it is worth noting that since the signing of the “Declaration”, Canadian domestic sale of petroleum was 1.66 million barrels per day in 2009 and in 2019 was 1.8 million barrels per day for an increase of 8.4%. 

The two objectives to “grow manufacturing jobs” and “reducing our dependence on oil” fell flat so how did they do on their 7 objectives as posted in: Strathmere Group Part 5 of this series?

Declaration target # 1:

Show bold leadership on the world stage, especially leading up to the Copenhagen climate meeting, and within each country through addressing climate change head-on.

Well recent history disclosed the Copenhagen Summit failed to produce a binding agreement when it occurred in 2009. The conference produced the Copenhagen Accord agreed to by a few of the big players; China, the US, India, Brazil and South Africa but the accord was not binding, didn’t set emissions reduction targets so in effect was a failure although the 21 U.S. ENGO no doubt saw it as a win. 

Now if one fast forwards to the Paris Accord occurring shortly after the Trudeau led Liberal Party received their majority in Parliament in late 2015, Canada sent 383 people to the conference.  That was more than the U.S., Australia and the UK together sent! PM Trudeau was amongst the 383 and at the Accord declared: “Canada is back, my good friends”. One should suspect some of those travelling to Paris on the taxpayer’s dime (Gerald Butts was one) were associated with the 12 Canadian ENGO who signed the declaration. No doubt they had spent time since 2009 lobbying various government bureaucrats and politicians since the Harper led government had backed off of any commitments at the Copenhagen Summit. 

Needless to say, the 12 ENGO achieved their first “Declaration” albeit, later than planned!

Declaration target # 2:

Incorporate climate science into policy and permitting decisions affecting natural resource management in order to best ensure that wildlife and natural systems can survive in a warming world.

It is fundamental to ENGO they allude to; a desire to, “Incorporate climate science” in the never-ending diatribe they push in the “reports” and “studies” they churn out to spur politicians to adopt their beliefs. Examining the authors of the reports to seek their credentials on “climate science” is often a futile time-consumer and most reports fail to actually identify “authors”. Two reports caught my eye! The first is titled “Green Stimulus” by unknown authors at the Pembina Institute (founder of the Strathmere Group) dated March 30, 2020 at the onset of the Covid-19 pandemic. It pushes a “Green Transformation Program” to “decarbonize” the oil and gas sector and hand out money to retrain the workers. The report pushes “renewables” as the answer to our electricity needs and suggests we improve our transmission system to the U.S. as they will reputedly want to buy that renewable energy.  Had the author(s) bothered to research Ontario they would have discovered the generation of electricity from renewables is most often surplus to demand and exported at a cost to Ontarians of almost $2 billion annually. 

The second report was prepared by six ENGO and five are Strathmere Group members including: Ecojustice, CAN/RAC, Equiterre, Environmental Defence and Pembina.  It was issued May 2020 and titled, “A New Canadian Climate Accountability Act”.  As its title implies; a new “Act” should be created to deal with GHG ie; emissions!  The bulk of the contributors to the “report” were “expert” lawyers and nowhere in the report are hints of the costs. They want the legislation to set targets for 2030 and 2050 with five-year reviews aligned with the Paris Accord.  The report mentions “carbon budget” 200 times but provides no estimate of costs.  The only mention of “jobs” in the report suggests they will be created by “adaptation”!  

The proposed “Act” has happened with the introduction and passage of the “Canadian Net-Zero Emissions Accountability Act”  in the House of Commons by Johnathon Wilkinson, Minister of the Environment and Climate Change.  From all appearances the Act presented is almost a carbon copy (pun intended) of the one suggested by those ENGO in the aforementioned “report”! Interestingly a quote from the report stated: “The alternate path — which limits the global average temperature rise to “well below 2°C” – would transform the health of a child born today for the better, all the way through its life.” Wilkinson’s related quote on his ACT starts with how “science” says we must achieve “net-zero emissions” and goes on to say: “This achievement is necessary to ensure our kids and grandkids can live in a world with cleaner air and water and to ensure our businesses maintain and gain a competitive edge by producing the low-carbon products the world wants to buy, well into the future.”

Based on the foregoing it is apparent the Strathmere Group have been successful in the creation of the proposed Act.  The Trudeau governments time in office running the country also saw them pass other acts such as Bill C-69 and Bill C-48.  Those Acts are also aimed at containing and reducing Canada’s oil and gas sector along with the extraction of minerals in mining operations.

Once again, we should recognize the 12 Strathmere Group ENGO delivered on their second declaration!

Declaration target # 3:

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.

As pointed out in “Declaration target # 2”, the Liberal government under Justin Trudeau didn’t pass a full moratorium on expansion of the oil sands (a deviation of “tar” per the Strathmere Group) development, however, what the Liberal Party did was pass two Acts to create a tsunami of difficulties for any company attempting an expansion!  The “Acts” and their outcomes are defined as follows:

Bill C-69 is an Act: “to enact the Impact Assessment Act and the Canadian Energy Regulator Act, to amend the Navigation Protection Act and to make consequential amendments to other Acts.”

Critics of Bill C-69 argued; it would create more red tape in efforts to bring Canadian oil to market and Alberta’s Premier dubbed it the “No More Pipelines Bill.” Several Conservative premiers, provincial energy ministers, senators and MPs warned the legislation would repel energy investors and rob oil-rich regions like Alberta of the ability to benefit from their resources. The results emanating from Bill C-69 as noted by EnergyNow, had the effect of seeing capital expenditures in the oil and gas extraction sector in Canada fall from $76.1 billion in 2014 to $33.3 billion (a drop of 56.2%) in 2019.  StatCan also reported in December 2020 noting: “Following a 52% drop in the second quarter, capital expenditures in the oil and gas extraction industries increased 11% to $4.5 billion in the third quarter. Year-to-date spending totaled $17.1 billion, a 34% decline over the first three quarters of 2019.” Bill C-69 was passed in June 2019. “

The second Act, Bill C-48 received Royal Assent June 21, 2019 and is defined as; “An Act respecting the regulation of vessels that transport crude oil or persistent oil to or from ports or marine installations located along British Columbia’s north coast”. 

The Bill C-48 Act appears responsible for a couple of major events including Kinder Morgan’s abrupt exit from Canada at the taxpayer’s expense as they faced many illegal blockades (seemingly allowed by the RCMP, who are federally controlled) and were forced to cease construction of the Trans Mountain pipeline on numerous occasions. The Trudeau Liberals wound up purchasing Kinder Morgan’s Canadian assets for $4.5 billion.  The cost to complete the pipeline expansion has (as of February 2020) increased from $7.4 billion to $12.6 billion meaning taxpayers are stuck with added taxpayer debt of $17.1 billion.

The second event that occurred was related to Enbridge’s plan for the Northern Gateway pipeline which the Trudeau led Liberals halted, prior to passage of Bill C-48!  The Northern Gateway pipeline was on the radar screen of ENGO as they pushed the plan to ban tanker traffic on the northwest Pacific coast. The mandate letter dated November 12, 2015 from Trudeau to the Minister of Transport stated: “Formalize a moratorium on crude oil tanker traffic on British Columbia’s North Coast, working in collaboration with the Minister of Fisheries, Oceans and the Canadian Coast Guard, the Minister of Natural Resources and the Minister of Environment and Climate Change to develop an approach.” 

Needless to say, the WWF, a Strathmere Group member where Gerald Butts previously resided as President and CEO were delighted!  David Miller (former Mayor of Toronto), who succeeded Butts as President, published an article on November 23, 2015 shouting out: “The moratorium is something to celebrate, and puts a major hurdle in front of Enbridge’s plans for the region.”  Miller also went on to state: “It’s now crucial that we push towards the next stage: a legislated ban on all oil tanker traffic in the region.

Bill C-48 followed and even though the Senate’s transport committee voted in May 2019 to recommend the bill not move forward and presented a report to the Senate as a whole that asked them to endorse the recommendation that the bill be defeated”, it passed.

One should surmise the passage of Bill C-69 and Bill C-48 were successful at the goal of halting any significant expansion of the “tar sands” so, the Strathmere Group once again can brag about their success in meeting their third “declaration”!

Declaration target # 4:

Strengthen investments in renewable energy and in energy efficiency and conservation through creating new clean energy jobs and increasing prosperity through new technologies.

This “declaration” went on to state: “energy security is best achieved through investment in the cleanest available energy and through ending our dependence on fossil fuels.”

Needless to say, Ontario ratepayers are well aware this particular “declaration” had already started to unfold prior to the signing of the joint letter in Washington on June 2, 2009.  Gerald Butts, one of the signatures on the joint declaration as the CEO of the WWF-Canada (World Wildlife Fund) was instrumental in the creation of the GEGEA (Green Energy and Green Economy Act) in Ontario.  The Act received third reading and royal ascent on May 14, 2009 almost a month before the “joint declaration” was signed. An excellent article by Terence Corcoran of the Financial Post from five years ago noted: “Prior to the 2007 election, Butts was a McGuinty insider. After the election, he became McGuinty’s principal adviser. As one of his biographical notes describes it, Butts “was intimately involved in all of the government’s significant environmental initiatives, from the Greenbelt and Boreal Conservation plan to the coal phase-out and toxic reduction strategy.”

What followed was spelled out in the Ontario Auditor General’s press release of December 2015 disclosing the cost of renewable contracts under the GEGEA was $37 billion to the end of 2014 and would cost another $133 billion up to the end of the contracts. To add fuel to the fire Ontario’s Liberal Party, under Kathleen Wynne, on January 1, 2017 launched their “cap & trade” program joining Quebec and BC.  The foregoing may have occurred because PM Justin Trudeau had announced in early October 2016, he would impose a price on carbon beginning in 2018 if any provinces didn’t have one.  At that time Gerald Butts was his Principal Secretary and viewed as his puppet master.  Again, as we in Ontario know, when the Ford government was elected, he cancelled Wynne’s “cap & trade” program! 

In early 2017 the Pan-Canadian Framework on Clean Growth and Climate Change was issued and recommended a carbon tax starting at $10/ton on January 1, 2018 increasing by $10 each year to a maximum of $50 per ton. The Framework only loosely focused on achieving “net-zero” targeting only “new buildings”.  Suddenly on December 11, 2020 with the country in a Covid-19 lockdown Trudeau and his new Environment Minister, Jonathon Wilkinson announced the carbon tax would be expanded to $170 ton to wean us all off of “fossil fuels”. The pretext was it was being done so Canada could meet its Paris Agreement targets.

The impact of raising the tax to that level was spelled out in a Fraser Institute report which noted: “In this study, we present an analysis using a large empirical model of the Canadian economy that indicates that the tax will have substantial negative impacts, including a 1.8% decline in Gross Domestic Product and the net loss of about 184,000 jobs, even after taking account of jobs created by new government spending and household rebates of the carbon charges. The drop in GDP works out to about $1,540 in current dollars per employed person.” The report forecasted the carbon tax of $170/ton would create additional debt of $22 billion and noted almost 50% of the job losses (78.000) would be in Ontario.

To top things off when Minister of Finance, Chrystia Freeland tabled her budget on April 19, 2021 it was full of spending plans aimed at supporting renewable energy and ending fossil fuel use. The budget contained $17 billion in spending plans and tax relief measures including $5 billion for the “Net Zero Accelerator” additional to the $3 billion previously committed! The $8 billion seems aimed at large emitting companies like those in the steel and cement business.  Another $4.4 billion was earmarked to “retrofit” residential buildings.  Also included were generous tax breaks (50% for 10 years) for companies manufacturing electric vehicles, (NB: They and the Ontario government handed Ford $590 million of our tax dollars a year ago for EV manufacturing at their Oakville plant), solar panels and presumably the world’s largest wind turbine blades at 107 metres long to a Quebec company who just received $25 million! 

The Trudeau led government also on June 29, 2021 announced they were speeding up the goal to have every light duty vehicle sold by 2035 to be “zero emissions” vehicles rather than 2040.  The Minister of Transport, Alghabra has already handed out $600 million of our tax dollars as rebates to those purchasing EV and now wants more!

It seems pretty clear the Strathmere Group, with the leadership of Gerald Butts in respect to this particular declaration, will brag they have been successful at achieving it. It was done with great pain to taxpayers, ratepayers, Canadian families and our business community with an emphasis on small and medium sized companies who due to the financial effects of escalating costs lost their competitiveness or moved to a more welcoming community.  

What they actually accomplished was neither the creation of “clean energy jobs” or increased “prosperity”!

Declaration target # 5 

Declare a moratorium on industrial fishing and development in the Arctic Ocean until there is a comprehensive scientific analysis incorporating the newest information on climate change impacts and until there is a system for integrated, precautionary ecosystem-based management of industrial activities.

AND

Declaration target # 6

Work cooperatively with all Arctic countries and Peoples to curb all sources of pollution of the Arctic, including from land-based sources

Both of those “Declarations” committed to by the “Strathmere Group” and their 21 US cousins back in June 2009 were focused on the Arctic; ocean and  lands so, we will look at them together.

Back in June 2019 when Jonathon Wilkinson was Minister of Fisheries, Oceans and the Canadian Coast Guard he tabled Bill C-68 declared as the “modernized Fisheries Act and it passed Parliament June 20, 2019.  Needless to say, he was pleased and made the statement: “Our government is working hard to protect fish and fish habitat from coast-to-coast-to-coast, and the modernized Fisheries Act will do just that.” Wilkinson was also quoted stating: “It raises the bar in making sure that decision-making is based on science and evidence.”

Co-incidentally Bill C-48 sponsored by Marc Garneau, MP for Westmount Quebec and, Minister of Transport, also received 3rd reading the following day on June 21, 2019. The latter Bill was an Act regulating vessels transporting crude oil from ports or marine installations located along British Columbia’s north coast. The Bill killed any hopes of either the Northern Gateway Pipeline or the “Eagle Spirit Energy Corridor, which would run from the oil sands across Indigenous lands to BC’s northern coast, along with Indigenous peoples’ hopes for a better economic future” from proceeding!

It seems odd while these two Liberal Ministers are so concerned about the fossil fuel sector and its potential damage to the eco-system, they basically ignored the continued dumping of raw sewage by cities along the St. Lawrence River like LongueuilMontreal and Quebec City!  Collectively those three cities reported dumping about 8 billion litres of raw sewage into the St. Lawrence River! 

Apparently marine life in the St. Lawrence River is not important but “potential” oil spills off of BC’s north coast will protect marine life as will no commercial fishing in part of the Arctic Ocean!

Many of us recall the happenstance related to the Newfoundland cod stock collapse and it is interesting to know one of the causes was “foreign overfishing”!  An extensive report from 2002 noted: “Canadian media and government public relations people often cite foreign overfishing as the primary cause of the “fishing out” of the north Atlantic cod stocks. Many nations took fish off the coast of Newfoundland, including Spain, Portugal, other countries of the European Community (EC), the former Soviet Union, Japan, and Korea.”  The report also noted: “There can be little doubt that foreign overfishing was a contributing factor in the cod stock collapse, and that the capitalist dynamics that were at work in Canada were all too similar for the foreign vessels and companies. But all of the blame cannot be put there, no matter how easy it is to do.”  Bad management by the Ministry is also cited as a cause in the report reflecting the moratorium placed on them on July 2, 1992 by the Honourable John Crosbie that has never been lifted since being imposed!

From all appearances commercial fishing to any great extent has never occurred in the Arctic Ocean and Bill C-68 will presumably preserve that observation for Canada’s commercial fishing fleet.

Along with the passing of Bill C-68 back on October 3, 2018 a legally binding international agreement was signed by Canada, Norway, Russia, the United States, China, Iceland, Japan, Korea, the European Union and Denmark.  The agreement will reputedly protect the Central Arctic Ocean from “unregulated fishing”. The agreement was reported as becoming law on June 18, 2021 so that particular section of the Arctic Ocean (three million square kilometres) will presumably be regulated.

Should one wonder why China was included it’s not because they fish, commercially, in the Arctic Ocean but perhaps because according to an article penned in August 2020 noted: “Estimates of the total size of China’s global fishing fleet vary widely. By some calculations, China has anywhere from 200,000 to 800,000 fishing boats, accounting for nearly half of the world’s fishing activity.“  The article went on to state: “China is not only the world’s biggest seafood exporter, the country’s population also accounts for more than a third of all fish consumption worldwide.

One should wonder, why would China agree to sign the agreement? 

In response to the foregoing question, one should note Canada has been extremely slow in building infrastructure to support our northern territories so without roads, railways or ports any developments of new mines, etc. are extremely costly so little development has taken place.  Suddenly back on August 13, 2019 Marc Garneau, Minister of Transport announced a project: “$21.5 million to complete preparatory work necessary for the first phase of construction of the Grays Bay Road and Port Project. The proposed 230 kilometre all-season road would be the first road to connect Nunavut to the rest of Canada.“  That particular project, co-incidentally, was seen as the means to cash in on opening of the Arctic which was something China had attempted to accomplish back in 2011 via a Chinese company (MMG Limited) whose principal shareholder was the Chinese government.  At that time MMG backed away as the cost of the roads and port made it too costly! As noted in an article in the Walrus on January 4, 2021, “The vast mineral deposits of zinc and copper near Izok Lake, in the Northwest Territories, lay glittering but ultimately untouchable“ until Garneau’s pledge. Shortly after than pledge by Garneau, Mr. G. Gao, CEO of MMG in a press release said;  “On behalf of MMG, I would like to extend my sincere thanks to the Canadian government for their support and funding,”.

The Walrus article goes on to note “CHINA’S GROWING INTEREST in the Canadian Arctic, one of the least defended regions on earth, has been a calculated move. In 2013, de­spite not being one of the eight Arctic nations, China gained official observer status at the Arctic Council, an intergov­ernmental forum, and later declared it­self a “near­-Arctic state”—a phrase that seems to ignore the 5,000 kilometres between its northern­most point and the Arc­tic Circle.

It seems ironic Garneau’s Bill C-48 designed to halt Canadian fossil fuel exports was passed just two months earlier before he turned around and catered to Chinese interests. 

It seems apparent the Strathmere Group partially attained their aim for Declaration # 5 but not in its entirety so it is only a “passing grade”.

Based on the foregoing happenings (so well reported by the Walrus), the current Liberal government, by catering to the whims of the CCP looks likely to allow the creation of mining projects for those minerals desired by China. That being the case one should expect, at the least, a modicum of pollution to occur in the Arctic meaning Declaration # 6 will be destined to fall into the Strathmere Groups first fail category.

NB:  The final Declaration # 7 and the associated appraisal of it will be posted in the next few days.

Political Promises, High Electricity Costs, Climate Change, EV and Line 5

I was invited on the Marc Patrone Show on Sauga 960 AM today and the above title suggests some of the topics we covered. You can listen to our discussion on Sauga 960’s Marc Patrone Show starting at 1:03:25 of the podcast of his July 6, 2021 show by going here:

Ecojustice Lost in Court

Ecojustice challenged the Alberta, Allen Inquiry, into the “Tarsands Campaign” and recently lost in court. The organizations and individuals behind the campaign were many of those I have connected in a recent article. At the same time, I noted how they obtained tax dollars in their efforts to push their “climate change” concept and to shut down Canada’s oil and gas industry. The article’s long title is “Canadian Institute for Climate Choices, Smart Prosperity Institute, Ecojustice, The Natural Step, and the University of Ottawa interdisciplinary Environment Institute all connect to Stewart Elgie and several other Eco-Warriors” and was posted June 7, 2021.

Friends of Science has utilized some of the material from the aforementioned article in their recent YouTube post.  Watch the video to get a view on how the eco-warriors were and are continuing to shut down the inquiry perhaps because they will be exposed?

Hey, Premier Ford, did Michigan Governor Whitmer at least say “Thanks” for the Free Electricity we gave her April 30th?

Several days ago, a friendly contact alerted me to some facts about electricity generation on April 30th, 2021.  He noted wind exceeded hydro in 5 of the hours and as much as 81% of wind generation was curtailed in a single hour. He also pointed out the HOEP (hourly Ontario electricity price) market price was zero or less for 22 out of 24 hours and the two hours it was positive it climbed all the way up to 41 cents per MWh* (megawatt hour)!  The foregoing is a frequent occurrence in the Spring and Fall as Ontario demand is generally low and when the wind is blowing it must be both curtailed and exported.

With curiosity piqued it led to a review of IESO data for actual wind generation, its curtailment and exports for the day.  As it turned out wind generation accepted into the grid by IESO was just shy of 56,000 MWh and curtailed wind was very close to 34,000 MWh. What that meant is owners of the approximately 4,800 MW of grid connected wind capacity will be paid $7.560 million ($135.00** per MWh) for the accepted wind generation and $4.080 million ($120.00 per MWh) for the curtailed wind.  That implies the cost per MW of grid accepted wind generation was almost $208/per MWh versus about $56/MWh for hydro and $80/MWh for nuclear.  It also appears nuclear was steamed off by Bruce Nuclear and we should suspect hydro was also spilled.  Both of those are paid for so their costs would clearly be caused by wind’s propensity to generate power when it’s not needed.

To make matters worse IESO were forced to offer surplus generation via the market and needless to say our neighbours were happy to get it for free.  We exported almost 68,000 MWh to our neighbours in New York, Quebec and Michigan presumably to avoid possible grid failure. The state of Michigan received 24,000 MWh for free.  We basically supplied about 800,000 average Michigan households (approximately 20% of Michigan households) with free electricity for the day!

Ontario has been selling Michigan our cheap electricity exports for years and since we added intermittent and unreliable wind and solar to our grid the amount, we sell to them for pennies of its cost (what Ontario’s ratepayers pay for it) has increased. 

Michigan should recognize what nice neighbours we are! Instead, Governor Whitmer wants to shut down the Enbridge Line 5 pipeline which supplies them, several neighbouring states, as well as Quebec and Ontario with oil for refineries, propane for winter heat, aircraft fuel, etc. etc.

Perhaps the time has come for Premier Ford to give Governor Whitmer a call and tell her if she shuts down Line 5, she will need to fire up more of those (current) 9,300 MW (approximate capacity) of coal plants Michigan has; versus Ontario’s zero coal plant capacity.  

The time has come for Governor Whitmer to recognize and admit Michigan ranked # 8 in 2018 by the US EIA (Energy Information Administration) in respect to CO2 emissions from coal generation and 10th overall for total CO2 emissions.  Once she solves that problem, she can consider shutting down Line 5!

*One MWh is equivalent to 1,000 kWh (kilowatt hours) or what an average Ontario household would consume in a month and a half.

**The contracts signed with those industrial wind generation companies also included a maximum COL (cost of living) allowance of 20% so were presumably paid more than the $135/MWh.

TD Bank goes full bore with ESG

Several months ago I penned an article about the Royal Bank of Canada and their push to be seen as ESG (environmental, social and governance) compliant.  ESG is a concept pushed by the WEF (World Economic Forum) principally to get the world to halt “Runaway climate change, environmental degradation and social inequality”.  The concept has been endorsed by all the major international audit firms (Deloitte, EY, KPMG and PwC)!  Presumably they see the opportunity to increase auditing charges by creating math formulae much different than the basic math one would expect to be applied in a financial audit!

ESG is fully endorsed by others who will benefit financially such as Bloombergs, and some former central bank governors such as Canada’s very own, Mark Carney. Certainly, most Canadians are aware that our PM, Justin Trudeau and his Minister of the Environment, Jonathon Wilkinson are big on the E. and the S. of ESG but the Covid-19 pandemic has demonstrated their complete failure on “G” ie: Governance! 

At the time I penned the above noted article I had no reason to believe other Canadian banks had jumped into the fray however I was alerted to the fact that none other than my former employer, TD Bank, was an enthusiastic supporter of the ESG concept. 

Following up; led to the discovery TD had issued their initial ESG report titled, “Adapting with Purpose 2020 Environmental, Social and Governance Report “.  The report was 112 pages whereas their 2020 Financial report was only 91 pages. It almost appears as if TD’s management ranks shareholders below “climate change” advocates!

Looking through the report is interesting if one starts with a simple word search.  When searching “ESG” you get 400 hits, searching “environmental” the hits are 216, “sustainable” garners 150 and “governance” 177.  Repetition for emphasis perhaps?  The words “climate change” generates 80 appearances but net-zero only brings 3 references.  The report devotes page 109 of the report to just “Acronyms” which number 79 and 7 (including the UNIPCC) of them are devoted to UN (United Nations) initiatives.  Naturally the WEF amongst many others are included.

The press release announcing TD’s commitment to net-zero emissions by 2050 was upsetting as they have accepted the belief; CO2 emissions are a climate control knob.  It was also upsetting because their one and only endorsement was from none other than Bruce Lourie of the IVEY Foundation a CRA charity where he has sat as President since early 2005.  Under his guidance the Ivey Foundation has been dedicated to eliminating fossil fuels as their “vision” suggests: “Ivey’s Economy and Environment program supports Canada’s transition to a sustainable economy by identifying opportunities to enhance resource efficiency, foster innovation and advance the field of sustainable finance.”  I wrote a series of articles* about Lourie many years ago pointing out his ability to influence politicians while enriching the numerous entities he created or strongly influenced, frequently with our tax dollars.

If one searches Government Grants it is surprising a charitable foundation with over $100 million in net assets would actually apply for a grant but an “Ivey Foundation” search netted two grants totaling $37,500. One for $7,500 was granted when Catherine McKenna was Minister of the Environment and Climate Change and the other $30,000 grant came from the Minister of Natural Resources when Jim Carr was in charge. It is worth remembering Bruce Lourie played a major role in Ontario under the McGuinty/Wynne Liberals as he and Gerald Butts were very influential in getting them to pass the GEA. The GEA was reputedly going to create 50,000 jobs and as then Energy Minister, George Smitherman stated; would only raise electricity rates 1%. Ontario’s ratepayers know how that turned out! 

Lourie and Butts are both members of the “Task Force for a Resilient Recovery” and the Ivey Foundation is one of its funders.  A prior article outlined their close relationship and even how they, together with our current PM, Justin Trudeau, were together for a seven day canoe trip back in 2003.

What TD Bank is doing will alienate TD’s clients in Western Canada, those dependent on fossil fuels in numerous businesses here in Ontario, etc. including petrochemicals, refining, plastic manufacturing (including health related products), mining, infrastructure projects, farming, etc. etc.

It is truly ironic TD have also released a report suggesting; “Three-quarters of oil and gas sector could be displaced in move to cut emissions“. It almost appears TD’s Chief Economist, Beata Caranci, penned the report in support of the ESG push knowing TD will be partially responsible as many of the jobs affected will be TD customers and many of the companies cutting those jobs will also be customers. One of the conclusions in the report notes: “The clean energy transition represents an enormous economic opportunity to redefine and reinvigorate the Canadian energy sector and become established as a globally competitive leader in a net zero world.” Ms. Caranci’s report suggests the science is settled and fails to cite any opposing scientific studies to those touted by the WEF or those pushing the narrative that mankind can somehow control earth’s temperature! I also fail to see how that will “reinvigorate the Canadian energy sector” in any way!  This belief that the “science is settled” so we must act does not bode well for the bank or its shareholders. 

As a former employee and current shareholder my message to TD’s executive is; “rethink your position”!  Fossil fuels are not the control knob for global warming and are essential to Canada’s needs and the rest of the world, no matter what philosopher Bruce Lourie or his ilk tell you.

*This was the last in the series but a Google search of “Bruce Lourie’s Spider web” will show others.

The Canadian Version of “Dumb & Dumber”

Having just read the press release from the Canada Infrastructure Bank (CIB) on how they are partnering up with ITC Investment Holdings Inc., and using $655 million of our tax dollars to build a 117 kilometre underwater transmission line connecting Ontario with the PJM Interconnection, the 1994 movie, “Dumb & Dumber” immediately came to mind.

ITC is a Michigan based company (subsidiary of Fortis Inc.) and they will own 60% of the project with the balance owned by the CIB.  As a bit of an oxy-moron Michigan Governor, Gretchen Whitmer, is planning to shut down the Line 5 pipeline which supplies oil to Ontario refineries (includes aircraft fuel, etc.), chemical plants etc. in Sarnia, and where propane is produced and supplies Ontario and Quebec farms and households. Line 5 also supplies refineries in the US and homes and farms in Michigan with propane.  Interestingly enough, Line 5’s entry into Michigan is also underwater and is the reason Gov. Witmer wants it closed. What this implies is if Whitmer is successful, it will cause job losses in Ontario while our tax dollars will create jobs in Michigan.  That suggests those in Canada making the decision on this project are “dumb”!

The time estimate to complete the Lake Erie underwater PJM connection is 4 years which would mean it should be operative in 2025,  That year happens to be the same year the Pickering nuclear plants will be taken out of service. Those plants currently provide 2,500 MW of capacity and generally run at their maximum so closure will remove 2,500 MWh (megawatt hours) of supply to Ontario’s ratepayers almost every hour of the day.  Additionally, Ontario’s grid operator, IESO, forecasts the closure will create a supply deficit in the summer months when Ontario demand peaks. One wonders if IESO were consulted or involved in the discussions leading to the CIB jumping on board and if not then it adds “dumber” to the announcement.

The “Endorsements” contained in the CIB press release serve to make the reflections of those quoted look “dumb and dumber”.  Here are a couple of their quotes with some observations! 

First, we will start with Ehren Cory, CEO, Canada Infrastructure Bank who stated: “This project will allow Ontario to export its clean, non-emitting power to one of the largest power markets in the world and, as a result, benefit Canadians economically while also significantly contributing to greenhouse gas emissions reductions in the PJM market. The project allows Ontario to better manage peak capacity and meet future reliability needs in a more sustainable way. This is a true win-win for both Canada and the U.S., both economically and environmentally.”

Had Mr. Cory actually done some research with IESO he may have learned Ontario will be facing a shortfall from the time Pickering Nuclear is closed in 2025 until new reliable power is added, meaning Ontario will not have any of “its clean, non-emitting power” available to export.  How then could it contribute to any “greenhouse gas emissions reductions”? Dumb?

Second, here is what Greg Rickford, Minister of Energy, Northern Development and Mines, Minister of Indigenous Affairs had to say: The Lake Erie Connector demonstrates the advantages of public-private partnerships to develop critical infrastructure that delivers greater value to Ontarians. Connecting Ontario’s electricity grid to the PJM electricity market will bring significant, tangible benefits to our province. This new connection will create high-quality jobs, improve system flexibility, and allow Ontario to export more excess electricity to promote cost-savings for Ontario’s electricity consumers.”

Three years into the portfolio and from the basis of his comments he has still more to learn! Similar to Mr. Cory above it appears Minister Rickford also didn’t speak with anyone at IESO as he suggests the $655 million in Federal tax dollars used to build the Lake Erie underwater transmission line will “allow Ontario to export more excess electricity to promote cost-savings for Ontario’s electricity consumers “.  Had he spoken to IESO they would have perhaps explained we will be potentially facing an energy shortage once the Pickering Nuclear plants are closed. What that infers is we will not have “more excess electricity” to export! Dumb?

Third, this is what Catherine McKenna, Minister of Infrastructure and Communities apparently said: With the US pledging to achieve a carbon-free electrical grid by 2035, Canada has an opportunity to export clean power, helping to reduce emissions, maximizing clean power use and making electricity more affordable for Canadians. The Lake Erie Connector is a perfect example of that. The Canada Infrastructure Bank’s investment will give Ontario direct access to North America’s largest electricity market – 13 states and D.C. This is part of our infrastructure plan to create jobs across the country, tackle climate change, and increase Canada’s competitiveness in the clean economy.”

As one will note Minister McKenna, also famous for attending an illegal cock fight and eating dog pretty well maximizes the fallacies of the prior two quotes illustrated above and expands on them.  Once again, a call to IESO or perhaps a chat with Minister Rickford should have disclosed in 2025 when this project may be complete it would have spelled the end of “an opportunity to export clean power, helping to reduce emissions, maximizing clean power use and making electricity more affordable for Canadians.“  It will do none of those things!  If this is part of their “infrastructure plan to create jobs across the country, tackle climate change, and increase Canada’s competitiveness in the clean economy“ we are in big trouble!

Throwing our tax dollars at a plan that cannot be justified in any way is a total disservice to all Canadians or to summarize, this is both “dumb and dumber” than perhaps anything we have seen before aimed at wasting our taxes.

To paraphrase Mr. Corey; this a true economic loss for Canada and our taxpayers.

Some good news on electricity costs

The foregoing title is a little deceptive as when Marc Patrone and I were speaking this morning on his show at Sauga Radio 960 AM we also covered a fair amount of other ground. Some of the other topics discussed were short spurts about pipelines, China, Russia’s forests and even briefly about housing costs. You can listen to our full discussion on the podcast starting at 41:10 and ending at 58:00 here:

or if you are a subscriber to NEWSTALK CANADA you can listen here:

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