Marc Patrone Show Sauga 960 AM July 13, 2022

Marc Patrone had me on his show today and we covered a lot of ground and much of it was about the Farmers Protests in the Netherlands, Poland, France and Italy as well as the overthow of the government in Sri Lanka. We also spent some time talking about politicians and the Ford led 2nd term majority and what he might do about the electricity file if anything. Rising energy costs and the upcoming “Clean Fuel Standard” (another tax) were also discussed!

You can listen to the podcast here starting at 49:00 and ending at 1:04:30:

Europe’s Strange Conflicting Observations

Following the news over the past week or two one would have observed some very strange happenings particularly as it relates to Europe. 

Most Canadians may be aware our PM Trudeau, flew off to Europe to attend the NATO Summit, the G7 Summit and the Canada-European Summit where the politicians joined together to make joint commitments on a variety of issues. Naturally there were castigations of the continuing Russian/Ukraine conflict and lots of the promises made were what many would consider conflicting.  

One of the weirdest was how NATO pledged to revamp its energy-guzzling equipment as “NATO chief Jens Stoltenberg said the 30-member alliance would reduce emissions by at least 45% by 2030 and reach net-zero emissions by 2050.”  The article went on with Stoltenberg stating: “If we fail to preserve peace, we also fail to fight climate change” which appears to be a double entendre but what we should expect from our bureaucrats and politicians during these times.  This seems weird as Germany; the UK and several other European NATO members are firing up their mothballed coal plants to provide reliable power for their electricity grids due to attempts to curtail Russian natural gas and oil purchases.  

Shortly after the Summit, Trudeau reporteda new NATO centre of excellence for climate change and security will be located in Montreal, and that Canada plans to host the North American office for a network of NATO innovation hubs called the Defence Innovation Accelerator for the North Atlantic (DIANA).”  That suggests the ever-expanding Canadian bureaucracy will grow further at the expense of Canadian taxpayers! The same article also said Canada is on track to spend the $500 million set aside in the 2022 budget to support the Ukraine.

Additionally coming out of the NATO Summit was an accession protocol for Sweden and Finland to join the current 30 member NATO group which would reputedly further isolate Russia.  Interestingly Turkey, a NATO member, could block their admission should either of them refuse to extradite certain terror suspects (named by Turkey), who sought and obtained refuge in those two countries. Each and every member of NATO must unanimously approve a new country’s admittance so at this point Turkey holds the key, unless Sweden and Finland agree to extradite those terror suspects.

Another event that caught my eye was a WEF short video expressively excited about how Finland was the first country in the World to pass into law a “Negative Emissions Pledge” suggesting by 2040 they will be absorbing more CO2 than they emit. Finland is without fossil fuels so it imports crude principally from their immediate neighbour, Russia.  They managed to reduce their Russian purchase of crude oil from 502 thousand tons in January to 501 thousand in February so they will have to do a lot better in the future.  That “sweet” Russian crude is refined by Neste Porvoo Refinery which is partially owned (35.9%) by the Finnish government.  Finland is counting on its forests, which cover three-quarters of its land, to achieve its emissions target but Statistics Finland’s recent report indicate their forests released more greenhouse gases than they absorbed!

It sure looks like “double jeopardy” for Finland; having asked to join NATO (impacting Russian oil imports) while passing a law committing to be carbon negative by 2040.  They better get their neighbour Sweden, to send Greta over to plant lots of trees! At the same time, they should get used to living without many of the amenities that the “sweet” Russian crude oil brings them.

A long standing member of NATO and the EU; Norway, was also recently called out by the European Commission to explore and produce more “offshore oil and gas”.  It seems obvious this reflected a rapid change in the EU energy policy due to the Russian invasion of Ukraine and the failure of all those industrial wind turbines and solar panels. This sudden change of heart has come about as Russia’s Gasprom has partially or fully cut supplies of natural gas to 12 European countries including Germany and has resulted in an energy scarcity and increasing costs of electricity along with the lack of fossil fuels used in many industries.

Conclusion

From just the few issues highlighted above it seems obvious the numerous eco-warriors active in the EU successfully convinced the majority of the politicians in most countries “global warming” was imminent and caused by mankind.  Some of those EU politicians now seem to be sobering up from drinking the “net-zero” kool-aid and have started to appreciate the damage they have inflicted on so many of their people.  Nevertheless, many others are still in the WEF’s “Building Back Better” camp and are convinced it’s all the fault of Russia’s war with the Ukraine. Those latter politicians seem unable to recognize their conflicted mind-set but one should hope the continuing events occurring; such as the current Netherlands “farmers protest” will enlighten them.  

Should the upcoming winter be a cold one, those in the WEF’s camp may finally see the light as “energy poverty” will strike many more households and cause more harm than a 1.5 degree increase in global temperatures by the year 2100 ever would. 

Conflicted political opinions on unsettled science causing harm will undoubtedly cause conflicts!    

NB: As this article was about to be posted the UK’s PM, Boris Johnson announced he is stepping down as his Minister’s pushed him to resign. 

OCAF is bringing Holger Dalkman from Germany to speak to City of Ottawa Officials and Others

The excitement in Ottawa often keeps locals up at night but we should be pretty sure an upcoming event hosted by OCAF (Ottawa Climate Action Fund) will be nothing like a “truck convoy” with honking horns. Despite it’s more quiet nature it should cause excitement for other reasons! Let’s see why?

OCAF is Hosting an Event

OCAF was founded with $21.7 million of our tax dollars and endorsed by now retired MP, Catherine McKenna and MP Seamus O’Regan at their opening ceremony on May 14, 2021. The ceremony itself was hosted by none other than Diana Fox Carney (wife of Mark Carney), an acclaimed eco-warrior.

Just before OCAF was founded the City of Ottawa’s council (presumably smitten by the ruling Liberal Party) passed a plan (Energy Evolution) to reach “net-zero” emissions by 2050. The plan encompasses erecting 700 industrial wind turbines with a capacity of 3,218 MW and 1,060 MW of rooftop solar. The “plan” appears to have been generated by none other than Pollution Probe rather than the bureaucrats within the municipality.  That in itself seems very strange!

It appears the latest planned event by OCAF is aimed at Ottawa’s transportation and transit sector and they are bringing in a speaker from Germany to deliver the message outlined in the event title which is: Avoid, Shift, Improve: How can international best practices accelerate low-carbon, resilient transportation in Ottawa?

The invited guest speaker is Holger Dalkman whose LinkedIn profile claims he is the “CEO and Founder of Sustain 2030” (an extensive search of “Sustain 2030” on Google turned up nothing) and holds a Masters degree in geography! In searching his name, it appears he has had numerous appearances including with the WEF (World Economic Forum) the UN and many other organizations pushing the “climate-change” agenda. His forte according to his profile is “twenty years of experience working in the field of mobility, cities, sustainability and climate change”. 

It appears his presentation will be related to the transit and transportation system in the City of Ottawa. Perhaps he will recommend banning all trucks unless they are electric powered ones (sans horns).  He may also express delight that OC Transpo is on the path to converting all their buses to battery-powered ones but the foregoing is simply speculation on my part!

If an Ottawa citizen steps back and looks at how well Germany has done with its push to reduce “climate change” and push for “net-zero” emissions they might have second thoughts about Dalkman’s speech and recommendations.

Germany has one of the highest costs of electricity in the world as well as an extremely high cost for home heating.  A March 16, 2022 article stated “A new 5,000 kWh annual supply contract costs an average of 2,098 euros, or 42 cents/kWh, 23% more than in December”. To contrast that with Ontario the average annual household consumption is 9,000 kWh and the average price is about 15 cents/kWh.  It is also worth noting the “42 cents/kWh” is U.S. currency so the Canadian equivalent is about 56 cents/kWh! Germany’s households (half are heated with naturals gas) are also paying dearly for natural gas as it has been affected by the Russia/Ukraine war and are now facing annual heating costs of well over U.S. $4,000/annually.

One should presume many millions of households in Germany are currently experiencing energy poverty*.

The first question asked of Dalkman during the Q. and A. session after his presentation should be; how many of the 41 million German households are currently experiencing “energy poverty” and what has caused it? 

No doubt he will get all choked up as he ponders how to answer that question while continuing to push the “net-zero” target!

*The common denominator for “energy poverty” is 10% or more of household income goes to pay for those two staples of heat and electricity.

 

 

 

                                                                                                                                  

Are More Mask Mandates Coming to Capture CO2

Steven Guilbeault, Canada’s Environment and Climate Change Minister just announced his plan for the new federal carbon offset market and as he stated its focus is: “Climate change is the crisis that will persist,” he said. “That’s why we cannot pause and we must continue to go faster and further.”

From the text in the article, it appears the “crisis” initially will apply to municipalities who will be required to “install new methane capture systems at landfills will be part of the new compliance market.”  That will obviously be a financial burden for the municipalities who will simply raise their municipal taxes to recover the funding required to install those methane capture systems.

Minister Guilbeault went on to say; Over the next year, the government intends to finish the rules to add projects that cut emissions from refrigeration systems, forests and soil management on farms. The rules applied to refrigeration systems, forests and soil management on farms will raise the price of anything requiring refrigeration, logging or crop generation so the objective seems aimed at ensuring the current “inflation” we citizens are experiencing continues!

The one comment in the article that I found very strange was the sentence stating: “The government said it is also now starting to write the rules to add direct air capture technology that pulls carbon dioxide out of the air and traps it underground.” Immediately the Bill Gates plan to fund technology for “sun-dimming” and reflect sunshine out of the earth’s atmospheric came to mind but that plan was blocked for ethical reasons and postponed. 

The other thought was; perhaps Guilbeault was impressed with the ability of the government to make “mask mandates” compulsory during the Covid pandemic? Perhaps he is aware someone has created a mask that could capture the CO2 we expel when breathing”?  After we were “government certified” of having captured a ton of CO2 and buried it in our backyard, we would be given a “carbon offset” and perhaps then be allowed to take a vacation via an aircraft or take that ICE car in our garage out for a spin?

Surely the foregoing isn’t what he has in mind but with this current government we shouldn’t be surprised if that is what he envisages. We should expect it won’t apply to the almost 300 politicians and bureaucrats from Canada that will attend the next COP event or a WEF event in Davros, Switzerland or to our current Prime Minister Justin Trudeau who has flown over 38,000 kilometers around the world since May 1, 2022!

One would hope Guilbeault and many other politicians would spend a little time and watch a recent video posted June 3, 2022 titled “The Carbon Offset Problem” with over 800,000 views so far, to get a sense on the some of the scams taking place related to carbon capture!

Perhaps that is too much to hope for with this current crop of politicians as they are simply some of the scammers!

This happening brought to my attention and it is related:

June 4th; Just Another day of Generosity by Ontario ratepayers and taxpayers

Well, once again, Ontario’s electricity generators were producing power we didn’t need. Nevertheless, the ratepayers and taxpayers of Ontario were obliged to give it away to our neighbours in Michigan, Quebec and New York.  This is a regular occurrence during the Spring and Fall seasons as demand is generally at the lowest levels for us but the GEA (Green Energy Act) imposed by the Liberal government during the McGuinty/Wynne years declared wind and solar generation were the future so they gave them contracts with very high rates and “first-to-the-grid” rights!

Ontarians have been paying the price for over a decade and despite the fact Liberals were found guilty of their stupidity on the electricity file and booted out of power, the current and recently reelected Ford led Conservative Party has done nothing to change things over their prior four years of power!

So, Saturday the fourth of June was simply another example of how the mess continues!

Peak demand in Ontario occurred during the 18th hour and peaked at 14,437 MW. Nuclear and hydro alone at that hour generated 14,631 MWh so wind and solar were not needed but those damn contracts stand in the way. At that hour wind was operating at 16.9% of their capacity and they could have peaked at 45% of their capacity at 1 AM but IESO (Independent Electricity System Operator) had them curtail 1,200 MW. 

IESO were busy selling off our surplus power throughout the day to our neighbours and did so with slightly over 24,000 MWh to Michigan, 22,300 MWh to Quebec and about 12,000 MWh to NY!  That power was sold at the astronomical (sarcasm intended) average HOEP (hourly Ontario energy price) of $6.34/MWh.

What the preceding tells us is we are giving Michigan and New York, clean green power to help then keep energy costs low and reduce their emissions. Quebec benefits by not using their hydro generation which they have presold to US States like NY under lucrative contracts.  No benefit for Ontario’s ratepayers or taxpayers as the following outlines!

If we simply assume the approximately 58,000 MWh, we exported earned us only $368,000 (58,000 MWh X $6.34/MWh), we should consider what it cost us!

The mix of electricity sold presumably included wind generation (26,000 MWh including curtailed), solar, hydro, nuclear and perhaps even a little natural gas. The minimum cost was approximately $116/MWh based on the GA (Global Adjustment) estimate by Scott Luft and the 2nd estimate by IESO for May and includes the $30/MWh taxpayer subsidy. Using the $116/MWh the cost of those exports becomes $6,728,000 and including the 4,900 MWh of curtailed wind total costs rise to over $7.3 million.  So, for what cost Ontario ratepayers/taxpayers $7.3 million we received less than $400K.

What the foregoing points out to the politicians in charge is that there is something inherently stupid with the way our electricity system is managed. We changed the political parties once because of the electricity file but the Ford government simply shifted a large part of the costs to the taxpayers so it was hidden from sight.

Perhaps the next election will be focused on the provincial debt and include the costs the Ford led government hid inside our Provincial debt.

If they actually do something to sort out the mess created by the Liberals it could reduce the provincial deficits by $6.9 billion as reported by the FAO of Ontario assuming they can keep electricity costs flat, perhaps by taxing the intermittent and unreliability of that expensive and harmful wind generation.

Only time will tell!

Enbridge Inc Stymied by Ottawa Energy Evolution

As noted in the OEB’s (Ontario Energy Board) recent “Decision And Order” Enbridge Gas had applied to the OEB in March 2021 for approval to replace 19.8 kilometres of aging gas pipeline in Ottawa.  The pipeline is associated with the St. Laurent Pipeline which services approximately 165,000 Ottawa and Gatineau area customers. 

The OEB recently refused the replacement pipeline and basically told Enbridge to; “Plan for Lower Gas Demand” according to an article in The Energy Mix which noted: “The Ontario Energy Board sent minor shock waves through the province’s energy regulatory and municipal energy communities earlier this month with its refusal to approve the final phases of a $123.7-million pipeline replacement project in Ottawa proposed by Enbridge Gas.”  The article went on to note: “Several observers said this was the first time the OEB had refused a “leave to construct” application from a gas utility,”. 

The OEB, under Anthony Zlahtic,* the Presiding Commissioner, laid out the principal reasons for the decision and three of the five reasons were: City of Ottawa’s Energy Evolution Plan,”,Integrated Resource Planning Alternativesand “Downsizing the Pipeline due to Reduced Future Demand for Natural Gas.

Anthony Zlahic’s Background

Curiosity about Zlahic’s background led to examining his “Linkedin” file which lists his former jobs and co-incidentally claims he spent over 11 years working for Enbridge after which he worked for a subsidiary of EPCOR an electricity generation and distribution company owned by the City of Edmonton. EPCOR has subsidiary operations with one of those being Capital Power Corp of Toronto where Zlahic was employed and actively and successfully pursued wind power projects under the Ontario GEA (Green Energy Act).  He notes working with companies such as Pattern Renewable Energy as well as Samsung on industrial wind turbine projects for Capital Power and suggests he increased their “influence among key government agencies and companies directly and through the Association of Power producers of Ontario (APPrO) and Canadian Wind Energy Association (CanWEA)”. 

Based on Zlahic’s background and activities with both Enbridge Gas and his obvious belief in IWT (industrial wind turbines) as a reliable energy source one should wonder why the OEB appointed him and WHY he didn’t recuse himself (due to his background with Enbridge) from this hearing?

Also note, Zlahic ruled; Enbridge was responsible for all intervenor costs!

Ottawa’s Prejudicial Intervenor

One of the intervenor’s whom Enbridge is obliged to pay costs to is Pollution Probe** and they were represented by Michael Brophy both a director and team member of Pollution Probe.  Interestingly enough Brophy also was a former employee of Enbridge Gas.  One should wonder, did both Zlahic and Brophy part terms with Enbridge in a favourable way or do they hold some prejudices against them?

Another important fact associated with the ruling is in respect to the City of Ottawa’s Energy Evolution Plan which was actually written by Pollution Probe as an earlier article noted.  The foregoing was confirmed by another intervenor who advised that Michael Brophy told him he was a co-author of the 101 page “plan”. The “plan” suggests the costs to Ottawa for net-zero will be $57.4 billion and result in 3,218 MW of IWT capacity and 1,060 MW of solar capacity on rooftops by 2050!

Was the OEB outcome a result of self-flagellation by Enbridge?

It seems very ironic when examining the March 2021 annual statement of Pollution Probe and note their list of “Sponsors, Major Supporters and Partners” includes none other than Enbridge Inc.  

The Pollution Probe statement filed with the CRA indicates gross revenue of $1,839,737 for the year ended March 31, 2021 but only $113,516 or 6.1% was tax receipted by them so; is this an indication they are not much of a worthwhile “charity”?  

What is not surprising to see in their annual report are numerous government donors listed including: Environment and Climate Change Canada, Government of Canada, Natural Resources Canada, Transport Canada, Ministry of the Environment, Conservation and Parks (Province of Ontario) and TAF (Toronto Atmospheric Fund [Municipality of Metro Toronto]).

Interestingly enough Michael Brophy is also listed as a “Major Donor” meaning taxpayers are hit with a double whammy in that their taxes support the government grants which supply Brophy income from Pollution Probe and his donation(s) provides him with a personal tax receipt!

The tax dollars doled out to Pollution Probe according to a Federal Grant search is in the millions of dollars and is additional to the money handed out by them via Federal Contracts worth hundreds of thousands of our tax dollars!

More self-flagellation by Enbridge

Another exampleof Enbridge’s self-flagellation is related to the net-zero push and ESG (environment, social, governance) issues. A four-page letter sent to Larry Fink, the CEO of BlackRock back in March 2022 clearly demonstrates the foregoing.  The President and CEO of Enbridge, Al Monaco goes into detail on how the company is changing. In in Monaco tells Fink how they have invested in wind farms and solar facilities and enshrined ESG related initiatives, etc. into their business model. An example from the letter related to ESG states: “By 2025 we’re aiming for a workforce that will include 28% racial and ethnic group representation, 40% women, 6% persons with disabilities, and 3.5% Indigenous peoples.”

We should all find it dismaying that one of Canada’s most successful companies is basically kowtowing to BlackRock and in effect, the WEF (World Economic Forum) instead of fighting back knowing the world cannot survive with the wind and solar intermittent and unreliable energy pushed by the WEF and the numerous eco-warriors like Pollution Probe.

Appeal of the Masses

For the will of the people Mr. Monaco please stand up for the enormous benefits of fossil fuels and how they have lifted billions of people around the globe out of poverty and saved so many lives!

*The 2021 Ontario Sunshine list indicates Anthony Zlahtic’s annual salary was $169,349.82!

**One of the original founders of the Strathmere Group which this writer has written a series of articles about was Pollution Probe.

Marc Patrone Show 960 AM Chatting about the WEF, Climate Change, etc. etc.

Marc had me on his show today (April 6, 2022) and we covered a lot of ground associated with the World Economic Forum, Climate Change, Carbon Taxes, etc. etc. and our chat also ventured to many places around the world during our time.

You can listen to our chat on the podcast starting at 33:44 and ending at 50:25.

Over the Top: The WEF and Canadian Banks, Hydro-Quebec and Canada’s Minister of the Environment

Digital identity is all the rage amongst banks around the world and the WEF (World Economic Forum) is pushing for its adoption having recently released a 46 page report with the concept covering not just financial services but pretty well every interface mankind has. It is alarming to watch Neil Parmenter, President and CEO of the Canadian Bankers Association in a short YouTube video, he appears to have done on behalf of the WEF! In the video he pushes the concept: we should trust our banks to maintain the security of our “digital ID”!  

Canada’s banks recently displayed their position by doing absolutely nothing to push-back when the Trudeau led government enacted the Emergencies Act and instructed the banks to freeze any account that had contributed funds to the Truckers Convoy! They did what they were told to the detriment of thousands of Canadians who had simply stood up to protect their basic rights by donating a small portion of their earnings.  Now, try to imagine what might happen if we are all impregnated with a “digital ID”?

Shopify, Royal Bank pledge to be some of the first buyers of energy from Warren Buffett’s Alberta wind project

The captioned article appeared in the Financial Post a few days ago and should strike all who read it as a wimpy pledge! The article stated: “Shopify Inc. and Royal Bank of Canada, the country’s largest technology company and lender, respectively, said this week they had signed a “purchase power agreement,” or PPA, that commits them to buying 90,000 KWh of electricity annually from the Rattlesnake Ridge Wind Power Project, which is located southwest of Medicine Hat.” To put the foregoing in perspective the current average price per kilowatt hour (kWh) in Alberta is about 11.3 cents/kWh so this commitment represents a cost of around $10,170 dollars or just over $5K each.  Pretty sure multi-billionaire, Warren Buffett’s Berkshire Hathaway Energy Inc., who are constructing the 130 MW (megawatt) IWT (industrial wind turbine) farm are not as excited about this as the RBC or Shopify. As it turns out the 90,000 should have referenced MWh (megawatt hours) rather than kWh. The 90,000 MWh would represent about 26% of the probable full annual output of the IWT generation from it meaning the three companies (Bullfrog Power was also a signatory to the agreement) would be paying somewhere in the neighbourhood of $3.4 million each.

One should assume when the wind isn’t blowing those three companies will happily accept gas or coal generation to ensure they can keep the lights on.  The hypocrisy is mind blowing and presumably is a result of the continued push by the Trudeau government and his Minister of the Environment and Climate Change, Steven Guilbeault who is determined to eliminate the use of fossil fuels completely!

For industrial Promotors, no more all-you-can-eat buffet at Hydro-Quebec

An article published in Le Journal de Montreal in mid-January carried the following (translated): “In a letter obtained by Le Journal , the state company warns one of them that although it still has a “significant volume of electricity”, the reception of an “exceptional quantity of projects” forces her to review her ways of doing things, even to choose the projects she can supply in the future.’’  The article went on to note: “The energy transition, the sudden interest of companies in green energy has caused demand to explode, justifies Maxence Huard-Lefebvre, director of communications for the state-owned company. And today’s projects have nothing to do with those we received before. Their energy needs are quite different. Result: in its “pipeline” for the next few years, Hydro-Quebec would have projects totaling “more than 10,000 MW of power”. However, such power represents neither more nor less than 25% of Hydro-Québec’s total capacity (40,000 MW) in the province. “It’s too much, slice (said?) the spokesperson for Hydro-Quebec. Even if we wanted to, it would be impossible to support all these projects

What the foregoing suggests is Hydro-Quebec has reached the end of the line for being able to supply “green” emissions free hydro as they have long-term commitments to supply several New England states as well as their own population.  To add fuel to the proverbial fire one should note Statistics Canada reported in 2020 Quebec accounted for almost 50% of all EV registrations in Canada, no doubt due to the $8,000 grant they offer coupled with the Feds $5,000 grant.  Those EV will require charging particularly during the cold winters (Quebec’s peak demand season) when Ontario is frequently called on to supply power to Quebec.

Ontario’s approach to tackling climate change ‘disappointing’: environment minister

The captioned was the headline in the National Observer’s article on March 16, 2022 and carried the following quote from Minister Guilbeault: “I believe that every level of government in Canada needs to do their fair share when it comes to climate change and the climate crisis, and frankly, when you look at what Ontario’s been doing, it’s been disappointing, and I’m not the only one who’s said that,”.  The National Observer is a left-wing anti-fossil fuel periodical that regularly receives government handouts which from what I was able to find has amounted to at least $368,000 according to the Government Grant website.  

The remark from Guilbeault is humorous should one first read Lorrie Goldstein’s article in the Toronto Sun on March 16, 2022.  It outlines how Ford is sucking up to the Trudeau Liberals by kowtowing to their whims including their reaction to the Trucker’s Convoy and the “Emergencies Act”; mirrored by the Ford government.  Ford also praised the Liberals for how they dealt with the pandemic and are jointly aligned on the fight against Michigan’s Governor Witmer in her efforts to shut down Line 5.  All those kudos from Ford heaped on the Trudeau minority Liberal Government apparently are not enough based on Guilbeault’s disappointment.  Is Guilbeault unaware, Ontario has one of the cleanest electricity grids in the world and how their taxpayers and ratepayers are paying dearly for wind and solar generation?  Is he not aware Ontario’s Minister of Energy seems to be pushing for closure of our gas plants, giving EV owners cheap charging rates, etc. etc.?  Perhaps he is ticked that over 60% of Ontario households use natural gas as their heating source but that is not something most households can afford to change.

Summary

Hopefully the foregoing demonstrates the mess created by eco-warriors and their infiltration of Federal and Provincial governments to the detriment of Canadian households who must bear the brunt of their push to eliminate fossil fuel use in the crazed objective to reach “net-zero” where we will all be “digitally identified”! 

Time to reclaim our independence and reject the WEF’s Great Reset!

Wind Turbine Collapse in New Brunswick will create “Green Jobs”

Just over a year ago our PM, Justin Trudeau was caught talking about a “reset” during a UN virtual conference stating: “This pandemic has provided an opportunity for a reset,“ and went on to say; “ This is our chance to accelerate our pre-pandemic efforts to reimagine economic systems that actually address global challenges like extreme poverty, inequality and climate change.” Trudeau was pilloried by Conservative MP Pierre Poilievre for the remark as it seemingly connected with; “The Great Reset” propagated by the WEF (World Economic Forum) where the rich elites of the world gather annually to plot the global transition to a “great reset” with “climate change” as their main focus!

The calls from the WEF and others pushing the “net-zero” transition have overcome the Federal Liberal Party and they have proffered different titles such as “Building Back Better” the “Just Transition” etc. and in all those scenarios they claim; executing them will create a million jobs! 

Needless to say, those calls, now spanning six years, are failing to create those jobs but continued support of the concept by the MSM (main stream media) has convinced many citizens and corporations to jump on board. The latter have done this by doing what they believe they can to reduce their emissions (based on what they are told) by transitioning their business in different ways in order to, presumably, avoid the increasing “carbon taxes” they would face. 

One such company is Alberta based, TransAlta Corporation via their 60.09% ownership in TransAlta Renewables (as of December 31, 2020) and the Federal Regulations imposing “coal-to-gas” regulations sped up by Catherine McKenna, when Minister of the Environment and Climate Change.  TransAlta, as of December 31, 2021 reported they had completed the latter task well ahead of the 2030 deadline.  TransAlta is pushing hard to achieve the “net zero” pinnacle and based on their annual 2020 ESG report their “greenhouse gas emissions are now down to just over 16 tonnes from 42 million tonnes in 2005.

Those green jobs are shrinking

The other thing that’s fallen as well as emissions, is the number of people TransAlta employ. The oldest annual report posted on their website is for 2017 and at that time they reported having 2,341 employees in 2016 but their 2020 annual report indicates employment fell to 1,476 at December 31, 2020, a drop of 865 jobs or almost 37%!  Gross revenues also fell from $2,397 million in 2016 to $2,101 million in 2020 for a drop of $296 million or 12.3%.

The foregoing push by TransAlta to reduce emissions appears to be having the opposite effect Trudeau promised us in his “build back better” speeches as both revenue and staff levels fell!   

TransAlta’s majority-controlled subsidiary; “TransAlta Renewables” near the end of 2021 got some bad news too, as an industrial wind turbine at their Kent Hills 167 MW (megawatt) IWT (industrial wind turbines) complex in New Brunswick collapsed. An investigation determined all 50 of the 3 MW turbines bases would need to be replaced whereas the remaining five (5) were OK! The estimated cost to replace the bases could be as high as $100 million and take until the end of 2023.  They estimate their revenue base will decline $3.4 million per month until the turbines are back up and running.

Here come those “green jobs”

One assumes the $75 to $100 million estimate to replace the bases will require lots of cement (close to 2,000 tons per turbine) and rebar and a crew plus equipment to first disassemble the 50 turbines and later to reassemble them.  It’s unclear as to whether they will remove the cement from the flawed bases but if they do it will require a crew plus equipment and quite a bit of dynamite.

All of the foregoing activities will play a hand in creating jobs over the two years of the rebuild but will, no doubt, create emissions.

When the workers have completed the reassembly, it will be seen as a perfect opportunity for Prime Minister Trudeau and his Minister of the Environment and Climate Change, Steven Guilbeault, to have a media appearance to tell us how the great “reset” is proceeding and the myriad of jobs* it created!

Any questions about the full carbon footprint of those rebuilt IWT and the jobs temporarily created at the media event will be tossed aside as will the intermittent and unreliable nature of wind generation which always requires dependable power (frequently fossil fueled) to back it up. Trudeau and his “climate change” Minister, Guilbeault, will insist the “transition to net-zero” and “building back better” is working to the benefit of all Canadians!

Canada’s taxpayers need to initiate a “political reset” and dump those Liberal politicians who seem intent on creating Venezuela north!  We voters in Ontario did it by recreating the Ontario Liberal Party as the “minivan party” so the time has come to do it again at the next election!

*Ontarians will remember the same promises from the McGuinty/Wynne Liberal years!

 

Multi-billionaires and their Mind-blowing Hypocrisy

It is somewhat amusing and disheartening to realize the super-rich such as; Bill Gates, Jeff Bezos and Larry Fink frequently preach to us earthlings about “climate change” and the path to net-zero.  They do this as they fly off in private jets to Davros to attend the WEF (World Economic Forum) annual event or to Glasgow for COP26 thereby creating tons of emissions.

Both Gates and Bezos however, tell those who ask, that they buy “carbon offsets” to eliminate their carbon footprint.  Gates reported he spends US$5 million annually on those offsets.  To put that in perspective Gates is reputedly worth $137 billion so $5 million represents 0.000036% of his net worth or to us in the real world, the purchasing of a “timmies” coffee for a friend!

Bezos (until very recently the richest man in the world) reputedly also buys those carbon offsets but hasn’t disclosed how much he spends annually.  Bezos did announce in February 2020 he would launch a US $10 billion fund (slightly less than 5% of his reported net worth) titled the “Bezos Earth Fund“ to fight “climate change”.  Pretty sure Bezos is totally delighted with the lock-downs imposed on much of the developed world due to the Covid-19 pandemic. Amazon; which he founded, has benefited tremendously as they import goods from developing countries like China, India, etc. and deliver them to your front door by truck.  Now try, as hard as you possibly can to determine how Amazon can become “carbon neutral” by 2040.  Oh, yes, Bezos has pledgedto get the company carbon-neutral by 2040, 100% renewable energy by 2030, and 100,000 electric delivery vehicles by 2030.“ 

Now if you want to watch how Larry Fink and Bill Gates speak with each other on the “Path to Net Zero” they jointly participated in a short YouTube video posted April 23, 2021.  Fink opens by saying “this will not be an easy task” and goes on to state “every hydro-carbon company in the United States is now focused on this” and suggests “it’s because of Bill and other people”!  Fink’s reputed net worth is somewhere around US$1 billion so it pales when compared to Gates or Bezos. As the CEO of BlackRock, the world’s largest asset management company with almost US $9.5 trillion (approximately 11% of Global GDP) of assets, however, Fink is a huge influence on that “Path”!  Fink annually sends a letter to the world’s 200 largest company’s CEOs and his last one (issued in early 2021) had much to say about “climate change” including this unambiguous sentence: “No issue ranks higher than climate change on our clients’ lists of priorities.“  His letter goes on saying;  “From January through November 2020, investors in mutual funds and ETFs invested $288 billion globally in sustainable assets, a 96% increase over the whole of 2019.“  This years letter will be interesting to see how those assets performed in light of the energy crisis in European and Asian countries which affected share prices of renewable energy companies in a negative fashion as the wind stopped blowing and Russia was unable to deliver fossil fuels during their absence. 

Based on more recent news it appears Fink may have had an awakening as an article from just over a month ago quoted him saying: it’s a “bad answerfor investors to abandon oil and gas, and it won’t help solve climate change.“ As if to support the latter view from Fink and to contradict his above noted chat with Gates and the “path to net-zero” it’s interesting to discover a BlackRock-led group recently won a $15.5 billion bid for a Saudi gas pipeline.  One should assume a gas pipeline will indeed by used to transport “fossil fuels” which intimates BlackRock and Fink understand the importance of fossil fuels to many of the companies they have investments in!

Could Fink’s somewhat mild “about-face” trigger politicians to also understand the importance of fossil fuels in a world dependent on them for 80% of our energy needs.  Let’s all hope so in an effort to end the hypocrisy that seems intent on driving people around the world into energy poverty except for those who can afford to purchase those “carbon offsets”.