Friday, August 4, 2017

Julie Ali 1 min · All nice pipe dreams but without public subsidy none of this will happen. I mean in Alberta we're going to be shovelling public dollars into renewables and such like but without this sort of subsidy -businesses such as wind farms don't make economic sense in my opinion. We're just moving the subsidy out of the oil and gas industry sector into a new sector --without thinking about the problems of phasing out coal fired electricity generation. What's going to replace this source of cheap power? Nothing.

All nice pipe dreams but without public subsidy none of this will happen. I mean in Alberta we're going to be shovelling public dollars into renewables and such like but without this sort of subsidy -businesses such as wind farms don't make economic sense in my opinion. We're just moving the subsidy out of the oil and gas industry sector into a new sector --without thinking about the problems of phasing out coal fired electricity generation. What's going to replace this source of cheap power? Nothing. We're going to be paying big bucks once the billions spent to phase out the use of coal is done. And guess what? The GOA is unlikely to keep a permanent cap on electricity prices so we're all going to be paying big bucks for electricity. Just look to Ontario for the future that the NDP folks have begun in the present.
But there you go. Folks believe this climate leadership plan with no sort of deliverables. This is no climate leadership plan. This is spin. #GOASPIN.
BlackRock investment group, with $5 trillion in assets, is bullish on electric cars and renewables.
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Julie Ali I don't think it was useful to phase out coal ASAP. I am curious what the province will do about the electricity prices once the phase out is complete and caps are removed. What are they going to do about the high cost of electricity then? Also I am curious what the back up plan for electricity shortages are going to be. Taking money from the coal sector and putting it into renewables doesn't make good business sense to me; how can a wind farm that needs subsidy from us make sense? Although the oil and gas industry also requires subsidy -it is also making profits or the companies would not be in Alberta. I am curious how wind farms for example will do--how will they make profits?

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