05-17-2016, 09:19 AM
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Apocalypse
Industry Role:
Join Date: May 2007
Location: Limbo
Posts: 3,043
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Quote:
Originally Posted by SilentKnight
Very little media coverage of this besides the Globe and Mail.
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Here is some more:
Kevin Libin: Ontario?s big, green assisted economic suicide plan
Quote:
In assessing ?investment changes in key economic sectors? resulting from carbon pricing, the roundtable bluntly projected that spending in the mineral and freight transport sector would virtually dry up due to ?reduced output? (refining, too, although that?s meant as a feature, not a bug). Investment would also shrink in those ?value-added? industries that provincial governments love ? from cars and paper mills, to chemicals, metals, and building construction. Meanwhile, investment would come pouring instead into electricity and biofuels, largely because NRTEE estimated carbon taxes in the neighbourhood of $500 to $775 a tonne by 2026 ? just a decade from now. That?s 15 to 25 times the highest carbon tax in Canada today.
[...]
That suggests that under the new climate action plan, most Ontario homeowners will be forced instead to rely on solar and wind electricity for home heating. Since Ontario ratepayers already pay the continent?s highest rates, thanks to the Liberals? ideological obsession with green power, that can only mean they?ll soon end up a lot colder or a lot poorer. Union Gas estimates that heating by electricity instead of gas will inflate the average homeowner?s heating bill by about 600 per cent. As Donnelly also pointed out Monday, in European countries that have tried the kinds of economy-wide carbon-cutting schemes that Ontario aims to emulate, household debt as a percentage of income has exploded compared to elsewhere in the OECD.
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The mind - it boggles. These people seem to be prepared to start us down a Venezuelan style collapse of the economy. And all to try and get rid of a gas that greens the planet.
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