Quote:
Originally Posted by flamesfever
The money flows where it will get the best return, and Canada has become one of the worst places to invest with all the rules and regulations, government inefficiency, increase in taxation, problems with FN people, etc.
Where is the money going to come from to increase our grid, to supply the EVs? If you say the government, where are they going to get the money? What will be the impact on the power cost?
IMO there are many people these days that think the Government will look after us and solve all our problems, when in fact it's we the people, if given the right incentive and opportunity, will provide the ways and means to do what is required.
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You're 100% right.
It amazes me how much people don't see the upcoming problem.
Even building out hydro capacity in big hydro provinces like Quebec & Manitoba has become extremely costly.
As an example Bipole 3 was supposed to cost around $2.5 billion, by the time it was done it cost $5 billion. Keeyask was supposed to have cost $6.5 billion, in the end it cost $8.7 billion. Manitoba Hydro debt has also run up to $25 billion +, and there is no end in sight. They are literally using 40% of every payment they get from Manitobans each month to service the debt.
In order to build out more capacity which Manitoba should absolutely do and sell to other provinces, who is going to pay for it? In the meantime we can't pay for health care, education, roads, infrastructure, etc.
I really want to know how people think we can possibly afford to build power generating capacity in this country with those kinds of numbers. Unless something major changes and the cost to build becomes much cheaper per mW, we are headed down a one way road towards a energy disaster.