Quote:
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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Then you didn’t bother to read what I actually wrote and don’t actually understand the clean energy/renewable industry at all if you think any of what you just said is an effective counterpoint to what I’m saying.
For one, your dramatics around “destroying private investment” and “decline of our own prosperity” is, as I said, totally myopic to the point where you have no standing to call anything else nonsense. Nonsensical appeals to emotion are a terrible way to evaluate business and economic decisions.
Two, the point IS that renewables augment the economy. And if you actually bothered to read, they’re augmenting the O&G industry RIGHT NOW. When faced with an emissions cap, O&G companies have a few choices, but two of those choices are to cut production and just… leave hundreds of millions of dollars in the table because… reasons I guess? or invest in tech that helps them reduce emissions, which many of these companies are doing. These investments help grow this industry, so not only are emissions being reduced, but we’re developing new ways to reduce them at home and fuelling (no pun intended) another industry through them.
So if you believe there is no positive here, you’re the one being lied to.
I mean, PP talks all the time how we the most ethical energy in the world and everyone would love to have it. If there’s no premium on ethical energy, I guess the world is just going to laugh in his face.