Energy Minister Charlie Parker said the province wants to diversify its energy sources to include more natural gas, wind, tidal, biomass and hydroelectr
The school said it was $400,000 more than they budgeted for.
The price dipped again in January.
The government said the ultimate goal is to reduce Nova Scotia's dependency on coal and find greener sources of energy to reduce its greenhouse gas emissions by 2030.
We know that 99% of Canada's oil exports are transported to the US, whose need for imported oil will decline sharply in the coming years
In British Columbia alone, resource industries support 100,000 direct jobs. They also make up 13% of its economy and account for 80% of its exports.”
KMEP last year announced plans to expand Trans Mountain, which extends from Edmonton to Canada’s western coast, to 850,000 b/d from 300,000 b/d by twinning it and adding storage and pump stations
three per cent of the province’s electricity in 2012, compared to 2.8 per cent for coal-generated power. A decade ago, coal-burning plants produced a quarter of the province’s electricity output.
Over the noon hour last Friday, for example, wind was generating 1,196 MW of power, compared to 710 MW from coal. A new wind-generation record was set Jan. 4, when 1,663 megawatts (MW) of electricity was produced by wind turbines, concentrated in southwestern Ontario.
Nuclear power continues to be Ontario’s chief source for electricity, supplying 56.4 per cent of total output last year, followed by hydro at 22.3 per cent, and natural gas at 14.6 per cent, according to the new IESO figures
The closures are expected to put more than 350 people out of work, he said.The Power W
“Ontario is spending billions on wind turbines and solar panels supported by natural gas generation to the benefit of big multinational corporations,”
“Ontario will not likely meet its greenhouse gas targets because of increased dependence on natural gas generation, green job numbers remain elusive and our electricity prices are on the way to becoming among the highest in North America.”
The real threat to Canada is not who is in the White House but what they do
about the mounting US Government debt now at $16 Trillion plus. To this point
there is no will apparent to cooperate for a solution.
The real threat to Canada is not who is in the White
House but what they do about the mounting US Government debt now at $16 Trillion
plus. To this point there is no will apparent to cooperate for a
solution.
The real threat to Canada is not who is in the White
House but what they do about the mounting US Government debt now at $16 Trillion
plus. To this point there is no will apparent to cooperate for a
solution.
The real threat to Canada is not who is in the White House but what they do
about the mounting US Government debt now at $16 Trillion plus. To this point
there is no will apparent to cooperate for a solution.
If the US literally prints its way out of its economic
mess, the mess will be compounded.
Such an action is guaranteed to create inflation and a rise in interest rates
charged to service the debt and also generally for business and lenders of all
kinds.
Lenders will want more interest to cover the risk of carrying US Government debt
loads expressed in diluted valued bonds and currency.
Serious debt reduction is needed in the US Congress and
Administration. And there is very little wiggle room to cut US government
expenditures. However failure to do so will mean in the middle range of time
that the US will become more and more an economic lightweight and hence its
world presence will be diminished. That is bad for Canada.
If USA falls into a deeper economic stagnation Canada will be widely affected.
The US is making itself militarily and financially vulnerable. Canada, no matter
how well we manage our financial affairs, will be forced into the same situation
as our major trading partner.
The US is losing it influence throughout the world. This is a problem.
It will be tougher for Canada to retain our natural
resources. Potential deals like the Chinese State taking over Nexen in our
oil sands, will become more likely if we want to maintain our own economic
performance independent of a financially errant US.
It really is time for the United States Government and
its politicians to bite the economic bullet. Failure to do so means a downsizing
of the United State’s influence on the world stage and that can only mean that
Canada will need a more independent economic policy as China grows in influence.
In short the lack of action on the economic front by our major trading partner
is taking us more to Europe and into the arms of the Chinese Government’s
hegemony.
Questions:
1. Do you think that eventually Canada will have no choice but to sell its natural resources to the other world powers? Can this be a good change?
2. Canada and the USA share a lot of history and do a lot of activities together, do you think that being financially independent will make us rely less on the US ?
The firm acquired 180 oil and gas wells, 150,000 net acres in mineral leases, a gas processing facility and a 262-mile gas gathering system from Houston-based Patara Oil & Gas, it said in a press release.
Dubin was listed as number 285 on the Forbes 400 list of billionaires in September 2012 with a net worth of $1.7 billion; Tudor was number 108 on the same list, with $3.6 billion.
Commodity prices this morning are as follows:Gold: $1668.80/ounce up by $8.20/ounceSilver: $30.77/ounce up by $0.362/ounceOil: $94.17/barrel up by $0.61/barrelRBOB Gas: $2.7461/gallon up by $0.0066/gallonNatural Gas: $3.355/MMbtu up by $0.028/MMbtu
This weekend we saw where Carl Icahn has taken a 1.56% stake in Transocean (RIG) and is seeking to gain regulatory approval to purchase a larger stake which would take his holdings to over 5% of the company.
Alpha Natural Resources (ANR) did not pop above $10/share and hold and did in fact begin a pullback towards $9.50/share starting last Thursday (the same day we wrote about the crossroads the stock was at - see here).
- The price of commodities has been going up and down the past week as negotiations over the U.S budget continues.
- Oil rose while natural gas fell. Silver rose 2%, gold raised $10.70, copper gained 6.8 cents, palladium ended up at $12.25 and platinum gained $7.80
- Investors are hoping a new budget is agreed upon so that tax doesn't increase
- There is a possibility that the economist believe that U.S could be pushed back into recession if a budget is not agreed upon.
- During the second quarter, the economy grew at a faster rate than initially thought by the commerce department.
- More Americans starting buying homes due to the job gains and low mortgage rates. The National Association of Realtors said an index measuring pending contracts to buy homes jumped last month.
In contrast to the financial woes of many countries, the Canadian economy has seen growth in a number of sectors, with thousands of jobs added in recent months.
Immigration to Canada is expected to play a key part in expanding the country's population and financial wealth for years to come.
Canada's upward trend of economic growth and job creation are good news for those looking to live and work in the country.
Certain fields are in particular need of employees. At present, the most notable labour market shortages can be found in the realms of construction and natural resource management.
February crude was up 96 cents at US$94.24 a barrel and the energy sector was down 0.35%. Canadian Natural Resources (TSX:CNQ) gave back 35 cents to C$28.74.
The gold sector was off about 0.4% while February bullion declined 70 cents to US$1,683.20 an ounce. Barrick Gold Corp. (TSX:ABX) faded 34 cents to C$33.69.
Canadian Natural Resources Ltd. and Suncor Energy Inc. added at least 0.9 percent as crude rose to a three-month high. Yamana Gold Inc. gained 4.5 percent as gold rose the most in six weeks.
The market today is moving primarily on the Chinese data, so gold is up and crude is up which is very good for the Canadian market," said John Kinsey, fund manager with Caldwell Securities Ltd. in Toronto. His firm manages about C$1 billion ($1.01 billion). "Those are the two areas that have been dragging."
Yamana climbed 4.5 percent to C$17.06 and Eldorado Gold Corp. advanced 3.3 percent to C$12.61 as gold futures for February delivery gained 1.4 percent to $1,678 an ounce in New York, the biggest gain for a most-active contract since since Nov. 6.
Out west, we’ve had it pretty good. Unemployment is low, incomes are high, and the GDP is set to grow faster than almost anywhere.
We are not here for ourselves alone.
we focus on what immigrants can do for us (fill jobs) rather than on what we can do for them (provide beautiful communities and the chance to participate in building something amazing).
“We must build pipelines. The world needs our oil. Nothing can get in the way. This is not negotiable.” Oil and pipeline companies are running headlong into some unanticipated opposition from folks who don’t see it the same way.
That means being a world leader in environmental stewardship, rather than arrogantly comparing ourselves to Nigeria or Sudan and patting ourselves on the back because our human rights are better than theirs.
Alberta is in a unique situation. It’s been blessed enormously in resources, wealth, natural beauty and smart people. We really can do anything if we set our minds to it, but not if we do it only for short-term financial gain.
es for higher demand pushed up commodity prices. Strong demand for commodities from
Gold prices also climbed with the February contract up $22.50 to US$1,678 an ounce, pushing the gold sector ahead about 2.2 per cent. Goldcorp Inc. (TSX:G) climbed $1.26 to C$36.68 while Iamgold Inc. (TSX:IMG) gained 20 cents to $10.73.
The energy sector was ahead 0.44 per cent while the February crude contract gained 72 cents to US$93.82 after earlier hitting a three-month high of US$94.70 a barrel. Prices also got a boost from a report that Saudi Arabia cut its crude production by nearly five per cent last month to the lowest level in 19 months.
Suncor Energy (TSX:SU) was 31 cents higher at C$33.58 while Canadian Natural Resources (TSX:CNQ) advanced 51 cents to $26.69.
The information technology sector gained 1.4 per cent with Research In Motion Ltd. (TSX:RIM) ahead 39 cents to $11.79.
In Canada, Astral Media Inc. (TSX:ACM.A) said Thursday that its first-quarter profit was $59.6 million or $1.05 per share, beating analyst estimates. Revenue rose to $274.5 million, which was about $3 million below analyst estimates but higher than a year before. The company has a friendly deal with BCE Inc. (TSX:BCE), which is seeking regulatory approval to buy Astral for about $3.38 billion. Astral edged up 31 cents to $47.21.
Canadian pharmaceutical chain Jean Coutu Group (TSX:PJC.A) on Thursday reported stronger sales and a quarterly profit that beat analyst estimates by a penny per share.
Word that Ontario is nearing its long-promised goal of eliminating coal-fired power plants has gotten a lot of play outside the province in scientific, environmental and power industry publications.
by the end of this year the last two large-scale coal-fired generating plants will close, leaving only a small backup facility in Thunder Bay operating until the end of 2014.
"Shutting down the last coal plants in Southern Ontario will significantly reduce greenhouse gas emissions and save the province $95 million,"
last year that coal, which a decade ago accounted for a quarter of Ontario's electricity, now generates only 2.8 per cent of the total. It's now exceeded by wind power, which provides three per cent.
The shift "demonstrates how far we’ve come in terms of t
Nuclear power provides more than half (56.4 per cent) of Ontario's electricity, followed by hydro at 22.3 per cent and natural gas at 14.6 per cent, the electricity agency said.
"While there’s little respite from rising electricity prices no matter what the source, with renewable energy at least consumers know what they’re paying for," he wrote.
So far, none of the Liberal candidates vying to succeed the departing McGuinty are ready to abandon his green-energy policy.
Gerard Kennedy promised to review the Green Energy Act.