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Originally Posted by Vedder
Everything above is absolute nonsense.
There is no scenario where Canada invests in renewables, which at this point are only economic when there is abundant base load supply in the way of fossil fuels or nuclear, and replaces the productive capacity of its natural resource industry.
We produce natural resources that we have a competitive advantage in, which the world pays us for in the global reserves currency, in exchange we consume things from the rest of the world. We cannot export renewables on scale with a competitive advantage. It’s not possible. Anyone who tells you differently is lying to you. Renewables at best augment our economy.
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At some point the majority of the world is going to move to primarily renewable and green technologies. It absolutely behooves us to try to be ahead of the curve so as not to be in the same situation as we are right now, sitting with our dicks in our hands, and relying on other countries to sell us their innovations and products.
That doesn't mean we shouldn't stop exporting our own resources until then, but we absolutely should be using the profits from those to invest in our green tech sector so that we are ready for green energy independence when the time comes.
What is absolute nonsense is making it easier for private corporations to pocket the excess profit from our resources.