Category Archives: Turbines run on Subsidies

Chatham-Kent Should Stay out of Investment Biz

Letter to Editor:

Sir: Chatham-Kent municipal Corporation continues to make taxpayer funded investments that continue to end in taxpayer liability, when continually given evidence not to.

Municipalities should not be in the investment business. They are hired by taxpayers to prudently manage to create dividends, not to mismanage to create liability. The Bradley Centre, with hundreds of thousands of dollars in net annual losses; the Industrial Park, which accumulated a $20 million total to date loss; the Capital Theatre, having a total provincial and municipal gross loss of about many millions, not the skimpy losses generally reported; Kingston Park with a $2 million overrun in costs; taxpayer funded annual municipal wage and pension payout of about $138M, with only about $146 million in general annual revenues.

If I understood the recent clouded, scattered and incomplete municipal budget correctly, C-K has nearly $40 million in interest payments on such capital projects. Canada-wide, taxpayers are paying about $62 billion and $11 billion annually just to service the debt of Canada and Ontario respectively. All of day-to-day cash of government operations come from the private sector, you and I, but yet, governments continue to financially rape their only source of income by introducing about 120 taxes on everything we do, on every nickel we earn, and continue to make irresponsible and fool hardy investments that never comes out of their pocket book, only ours.

The Provincial Green Energy Act, paving the way for wind turbines, created a 70-per-cent hike in electricity costs, costs consumers an extra $37 billion, and under the Auditors report will cost us an additional $133 billion by 2032.

The auditor’s report confirms for each wind energy job created, three Ontario jobs are lost. The mayor supports wind turbines, and his short sighted thinking makes Chatham-Kent nickels and dimes, while the province is losing billions, whereby billions have to be made up by taxing us more to make up the losses.

Recently, C-K council approved an $8-million investment in wind turbines, cited by the mayor to give us an $11-million profit after 20 years, which will keep taxes down. This thinking is worse than a migraine and mirrors how the province manages tax dollars. More specific to the wind turbine investment. C-K will become “common” shareholders in 15 per cent of a foreign company, meaning if the company dissolves or liquidates or reconstructs itself we as “common” shareholders lose all to preferred stock holders, bond holders, creditors, etc., not to mention if no profits are realized due to provincial or legal intervention. $8 million from reserves invested with compounding interest could give us up to $15M after 20 years without risk. Taking money from reserves means we have to replenish it, either by cashing in bonds, creating higher taxes, reducing infrastructure investment or by other means.

We have reserves for good reason.

If any dividends were realized from the turbine investment taxpayers won’t see a dime nor will any reduction in taxes be apparent. C-K will create a separate corporation, under the Business Corporations Act, RSO- 1990 for this manoeuvre, transferring same to Entegrus, which disallows taxpayers, although it’s all your money, to not know what’s going on, unless Entegrus/Corix wishes you to.

Additionally, Entegrus is courting to grab up to $30 million more from Chatham-Kent taxpayers for future investments with private companies.

Companies like Entegrus are more inclined to use investment income as an indirect way to feed their own wages, pensions, travel, perks and allowances, office upgrades, company vehicles etc., before any benefit is given to the taxpayer.

Furthermore, having Chatham-Kent a wind turbine investor, how the hell can council and our municipality speak against the turbine company respecting any legal action, public safety liability or other?

John Cryderman

Chatham

Published April 24, 2017 The Chatham Voice

randy hope
Mayor Randy Hope of Chatham Kent- Wind Industry award recipient continues to actively promote industrial wind turbines 

Can’t Make This One Up

The absurdity for money making associated with wind power knows no limits.  Now you can purchase insurance to protect and maintain your cash flow when that pesky thing called weather interferes with your renewable energy installation.  No need to fret over wind or sun resources above or below par. Maintaining financial performance even with the sun doesn’t shine or the wind doesn’t blow (or blows too fast).

Weather Risk Transfer:

“For businesses and entities working in the renewable energy sector, the single greatest and most significant factor influencing availability and performance is weather. Wind and hydroelectric generators, in particular, face a persistent challenge as they look to manage the intermittency of wind and water resources.”

Source: http://www.gcube-insurance.com/en/coverage/weather-risk-transfer/ 

 

 

 

Ontarians Are Not Confused

mackay-cartoon-dec-15-16
Mackay  Editorial Cartoons

http://mackaycartoons.net/2016/12/14/thursday-december-15-2016/

December 14, 2016
Hamilton Spectator

OEB actions paternalistic

Last month, the Ontario Energy Board decided to protect rate payers from knowing how much the Liberal government’s cap-and-trade policy would add to their monthly gas bills.

Now the OEB has decided to relieve us of the burden of knowing how much the government’s electricity policies are affecting our monthly hydro bill.

The OEB, it seems, is worried that too much information may confuse the average Ontario taxpayer. At least that’s how they responded to Auditor General Bonnie Lysyk’s request that hydro bills be changed to increase “the awareness and transparency” of the impact of the so-called “global adjustment charge.”

The global adjustment is an extra charge that is levied to cover the gap between the guaranteed prices the Liberal government promised electricity generators in 20-year contracts and the actual market rates.

Lysyk has estimated that global adjustment accounted for 70 per cent of consumer electricity rates in 2013. If so, that’s something that should be plainly disclosed on every hydro bill.

For the OEB to contend that further transparency would only confuse ratepayers is highly paternalistic, if not down right arrogant.

Give us the information. If we get confused, we can call and ask for clarification.

Liberal Energy Minister Glenn Thibeault has again refused to intervene on behalf of the auditor general or the taxpayer on the basis that the OEB is an independent quasi-judicial regulatory body.

That’s very convenient. Thibeault may not have the power to order the OEB to change their ways … but perhaps he can at least ask. He has the power to do that.

As it is, it’s getting harder for the public to take the claim of OEB independence seriously.

Who could possibly benefit from burying the cost of the Liberal’s questionable energy policies … other than the Liberal government?

Graham Rockingham

Hamilton Spectator: http://www.thespec.com/opinion-story/7020499-oeb-actions-paternalistic/

Big Wind – Proposal for a one hour television documentary

DOCUMENTARY
BIG WIND  By Rico Michel


http://www.dliproductions.ca/films/big-wind/
Margaret Welcome to the wacky world of green power, where misguided governments have sparked a massive corporate feeding frenzy (at taxpayers’ expense) to achieve little or nothing of any social benefit. — Margaret Wente, Globe & Mail

unnamed (2)It has taken decades for us all to understand the pressing urgency of protecting the Earth’s environment by finding alternatives to fossil fuels. At last, the development of a green energy industry is presenting the opportunity to heal the environment… along with the opportunity to exploit it further. For politicians, going green provides a convincing election platform. For business, it offers the chance to make hundreds of billions of dollars. Green energy is the future and those who get in there first will benefit greatly. But not only honest players are championing this new industry. And nowhere is this more evident than in the massive development of industrial wind power.

Big Wind is a surprising and compelling documentary about the unprecedented rush to develop industrial wind turbines and how this is transforming the landscape in Canada and the world. The film investigates why governments are spending billions on wind power without first conducting health and environmental studies, why corporations are grabbing up precious farmland to put up hundreds of thousands of enormous industrial wind turbines, why people living near the turbines are falling ill, losing their animals and their farms, and whether these new “green” wind turbines are actually helping our environmental aims.

The rush to go green is pitting corporations against residents, government against citizens, neighbour against neighbour. Through the process the people are being stripped of their due democratic process.

Big Wind is a story of unethical political systems, corporate greed, and ordinary citizens who have had enough and are standing up to big government and big business. They are part of a growing revolution in rural communities in Southern Ontario and around the globe– people fighting to defend their homes, their way of life and the environment against Big Wind. It is a battle that will profoundly impact the green movement, as well as the well being of citizens in Canada and citizens worldwide for years to come.

Preview Link Here

“Absolute Corruption”

ENVIRONMENTAL RESEARCHER: WIND INDUSTRY RIDDLED WITH ‘ABSOLUTE CORRUPTION’

Written by James Delingpole, breitbart.com

A Mexican ecologist has blown the whistle on the corruption, lies and incompetence of the wind industry – and on the massive environmental damage it causes in the name of saving the planet. wind turbines

Patricia Mora, a research professor in coastal ecology and fisheries science at the National Institute of Technology in Mexico, has been studying the impact of wind turbines in the Tehuantepec Isthmus in southern Mexico, an environmentally sensitive region which has the highest concentration of wind farms in Latin America.

When a project is installed, the first step is to “dismantle” the area, a process through which all surrounding vegetation is eliminated. This means the destruction of plants and sessilities – organisms that do not have stems or supporting mechanisms – and the slow displacement over time of reptiles, mammals, birds, amphibians, insects, arachnids, fungi, etc. Generally we perceive the macro scale only, that is to say, the large animals, without considering the small and even microscopic organisms…

….After the construction is finalized, the indirect impact continues in the sense that ecosystems are altered and fragmented. As a result, there is a larger probability of their disappearance, due to changes in the climate and the use of soil.

The turbines, she says in an interview with Truthout, have had a disastrous effect on local flora and fauna.          Read more.