Auditor General Blasts Ontario Cap and Trade

[CaptainCrunch]

http://news.nationalpost.com/news/ca...ctions-auditor

Ontario’s cap-and-trade program will cost the province’s consumers and businesses $8 billion dollars in its first years of operation to get minimal greenhouse gas reductions, the auditor general said Wednesday.

And the impact will likely be marginal, she said. Even with a subsidy, the average household electricity bill is projected to increase 23 per cent from 2015 to 2020, Lysyk found.
“Such increased electricity costs may make natural gas, which is responsible for significantly more greenhouse gas emission than cleaner energy sources like solar, hydro, nuclear and wind, an even more economical option,” she wrote.
The carbon pricing scheme, set to come into effect Jan. 1, will likely achieve fewer than 20 per cent of the emission reductions the government wants to see by 2020, Lysyk said.

http://business.financialpost.com/fp...-can-feel-good

That province is such a mess. They're actively trying to push business to leave there or die

[GGG]

The problem is that like all cap and trade schemes they give free emissions to industry and had a small amount of surplus credits.

In a cap and trade system the total emissions should be divided up amount the citizens/government and then sold to any emitters with the gov/citizens getting the profit.

[chemgear]

Originally Posted by CaptainCrunch

That province is such a mess. They're actively trying to push business to leave there or die

Unfortunately, outsiders could say the same for us. Though perhaps not to the same extent.

[Fuzz]

No, that province is a warning to the rest of us about the long term consequences of really bad decisions. We may still have time. They're ####ed.

[puffnstuff]

Didnt our premier say she was looking to Ontario for ideas and to work together...awww crap.

[bigtmac19]

This province is so messed up is right. Several huge greenhouse operations in Leamington have just announced planned expansions are being moved to Ohio strictly because the cost of hydro here is killing their business. Just keep making it impossible for business to grow here, along with making people choose between buying food and paying their hydro bills.

[Locke]

Originally Posted by bigtmac19

This province is so messed up is right. Several huge greenhouse operations in Leamington have just announced planned expansions are being moved to Ohio strictly because the cost of hydro here is killing their business. Just keep making it impossible for business to grow here, along with making people choose between buying food and paying their hydro bills.

And we're well on our way to copying that clusterfata of a blueprint.

[Northendzone]

This whole carbon tax crap is a bunch of bs....what next, oxygen usuary levy?

[FlamesAddiction]

Originally Posted by bigtmac19

This province is so messed up is right. Several huge greenhouse operations in Leamington have just announced planned expansions are being moved to Ohio strictly because the cost of hydro here is killing their business. Just keep making it impossible for business to grow here, along with making people choose between buying food and paying their hydro bills.

It's pretty effed up that we are a net exporter of electricity to the U.S. and they pay less for it than we do. And not just a little less, but like 70% less.

I was in a discussion on another board about this and the Americans couldn't believe it. I even scanned a copy of my hydro bill and some of them still accused me of lying.

I think it was in your area of the woods recently I saw a story about a restaurant closing because most of their money went to hydro costs and the guy was barely breaking even.

[Fuzz]

Well, they sell the power at a loss to the US, so that makes sense.

[bigtmac19]

Originally Posted by FlamesAddiction

It's pretty effed up that we are a net exporter of electricity to the U.S. and they pay less for it than we do. And not just a little less, but like 70% less.

I was in a discussion on another board about this and the Americans couldn't believe it. I even scanned a copy of my hydro bill and some of them still accused me of lying.

I think it was in your area of the woods recently I saw a story about a restaurant closing because most of their money went to hydro costs and the guy was barely breaking even.

Yes a Chinese restaurant in Leamington was driven out of business due to their hydro bills. A lot of small business owners are in the same boat, there are stories in the news daily.

We don't just sell cheap hydro to the US we actually pay them to take our hydro in many cases.

[GGG]

Originally Posted by bigtmac19

Yes a Chinese restaurant in Leamington was driven out of business due to their hydro bills. A lot of small business owners are in the same boat, there are stories in the news daily.

We don't just sell cheap hydro to the US we actually pay them to take our hydro in many cases.

Can we please use the word power instead of hydro. You would never pay someone to take your hydroelectric generated power as you just shut down the generators and let the resivoirs fill. You would however sell your baseline nuclear load as they don't have good turn down.

(Maybe this should be in the gear grinder thread and not here)