#dougford

2/3rds of Canadians say carbon tax will negatively influence vote

It seems Canadian PM Justin Trudeau and his Environment Minister Catherine ‘Climate Barbie’ McKenna won’t like hearing the results of a Forum poll which suggests 65% of citizens say a carbon tax would affect their vote.

Trudeau only needed to look at the drubbing handed out to his Liberal Party in Ontario and Alberta to understand the extent of how popular carbon taxes are viewed by the electorate.

Hopefully the PM can prosecute his policy with a little more skill than his plastics ban.

In any event, betting agencies money maybe slightly safer paying out early on a Conservative win. Trudeau is that disastrous.

Renewable investment dropped by largest margin ever

While watching the MotoGP in Sachsenring over the weekend CM couldn’t help but notice the lack of wind power being generated nearby the circuit. Last week we saw Ontario Premier Doug Ford terminate 758 renewables projects on the basis of their inability to provide sustainable and affordable energy. Last week South Australian consumers were hit with spot prices of $1,200/kWh because of the lack of baseload. Former Premier Jay Weatherill was turfed in the recent election because voters were growing tired of facing the highest electricity prices, slowest growth and highest unemployment rates. Despite all the jaw boning about the big renewable energy job machine, the Australian Bureau of Statistics noted, “by state, South Australia has seen a 65% fall in green jobs since the peak in 2011/12. Victoria down 46%, Queensland down 49%, NSW down 32% & WA down 55%.”

The FT noted today that “Investment in renewable power declined last year by its largest amount ever and is likely to keep falling this year, threatening global climate goals…”

Should we be surprised to see the Turnbull Government in Australia look to keep open the very power stations they were seeking to close to meet Paris targets? Isn’t the 7% fall in global renewables investment last year yet more evidence of the waning popularity of saving the planet? IATA forecasts aircraft passenger travel to double by 2030. Gas guzzling SUVs are also toward the top of the sales charts. Consumers expect others to save the planet for them. Consumption patterns reveal one’s true care for climate change i.e. not much.

South Australia has been the biggest red flag when it comes to failed renewable policy in action. The irony is the state dynamited the old coal fired plants as a virtue signaling exercise. We have even seen some corporations look to take power plants over to become self sufficient because they have no faith in the grid.

Opposition leader Bill Shorten might want to censure coal fired power backers for being “knuckle draggers” but with a risk of repeat $1,200/kWh spot prices thanks to overreliance on renewables, many consumers will gladly wear that as a badge of honour if it means they can afford to heat their homes due to the overly cold winter.

Australia can learn from Ontario’s Doug Ford on energy policy

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Ontario Premier Doug Ford Jr’s Progressive Conservatives are pulling the plug on 758 renewables projects costing $790mn. The plan is to cut hydro rates by 12% which had been inflated by Wynne’s Liberals for 15 years to subsidize these green projects. Energy Minister Greg Rickford announced that none of the cancelled projects have reached “development milestones,” so believes it should be cheaper to scrap them now.

Three things stand out:

A senior Liberal spokesperson said, “Why would firms do business in Ontario if they see this kind of government meddling?

Well 12% lower electricity prices could be a start. The Liberals should look at how higher electricity prices in South Australia are driving businesses out of the state. The Independent Electricity System Operator said yesterday that “there are other means of meeting future energy supply and capacity needs at materially lower costs than long-term contracts that lock in the prices paid for these resources.

The German contractor needs better lawyers if this is a problem:

The CEO of wind turbine contractor WPD in Germany said in an open letter that it stands to lose up to $100mn on the cancellation of the White Pines project (which residents strongly opposed) for 9 wind turbines which commenced in 2009 yet is still not completed. A turbine a year? That’s a jobs creation scheme…stretch it out for as long as possible to fudge the employment numbers (at taxpayers expense). Did WPD just expect that Wynne would win another term hence not needing to lock down contract terms that covered risk of this sort. Where is the “based on clause 7, section 3 we will seek full compensation for your action.”? Why not mention that in the letter?

Fears of renewable job losses:

All this nonsense about green jobs creation is farcical. The Australian Bureau of Statistics (ABS) renewable employment figures which showed all states seeing declines. By state, South Australia has seen a 65% fall in green jobs since the peak in 2011/12. Victoria down 46%, Queensland down 49%, NSW down 32% & WA down 55%. The problem with green jobs is they are not sustainable.

Premier Doug Ford sacked Hydro One CEO Mayo Schmidt (whom he promised to fire at the June 7 election), a man he dubbed “the $6 million dollar man”without the expected $10.7 million severance payment (reduced to $400,000) and is replacing the company’s board of directors.

Let’s not forget Ford annihilated Liberal Kathy Wynne so badly her party can’t even serve in parliament. While liberals were complaining Ford won it for being a white heterosexual male they overlooked that most constituents which gave Liberals 15 years to show something were sick of being taken for mugs. High electricity prices were a major campaign issue.

An IPSOS poll taken before the poll showed that the Liberals polled “zero” for leading on any issues with respect to economy, energy costs, healthcare, taxes, education, minorities or any other issue…The Ontario Progressive Conservatives were polled as having the best policies for economy, energy and taxes. Just goes to show when you listen to the electorate and actually enact on promises they amazingly like it and can win office.

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