Quote:
Originally Posted by Mr.Coffee
It’s pretty frustrating. Why doesn’t Alberta go really really strong into supporting and propping up transitional energy industry research, businesses or ideas? Alberta should continue to be an energy leading province and that includes other sectors of the energy industry aside from oil and gas. You can put a pile of subsidies or money into these industries, and I’m not sure why that isn’t being done. Solar, wind, hydro, etc. Is there no more efficiencies or cheaper ways to make all these technologies? Is there no more to be done in battery technology or geothermal or whatever?
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But that's what Ontario did, and they failed completely. Whatever industry they created shutdowns as soon as unsustainable governments subsidies run out as well as helping to increase electricity prices.
Alberta has a lot of oil and great know-how on getting it out of the ground, but it has a tiny population and no significant manufacturing prowess or capabilities. China alone in 2017 added over 12 GW of hydro, 18 GW of wind, and 53 GW of solar generation capacity. The entire Alberta generation fleet is only 16 GW. And even all that, the energy sources that grew the most in China was coal and oil. Alberta is missing out on the current Chinese oil import boom:
http://www.xinhuanet.com/english/201..._137613608.htm
China's crude oil imports saw a sharp increase in October, surging 31.5 percent year on year to 40.8 million tonnes, with the daily import rate reaching a new record high of 1.32 million tonnes.