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Cristina Raileanu

Power generated by wind blows past coal output in Ontario - 0 views

www.ottawacitizen.com/...story.html

power generated wind coal ontario canada consumer commodities resources

shared by Cristina Raileanu on 17 Jan 13 - No Cached
  • 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
  • ...3 more annotations...
  • 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.”
Cristina Raileanu

Ontario close to eliminating coal as electric-power source, a first in North America | ... - 0 views

ca.news.yahoo.com/...er-source-first-231241695.html

canada commodities resources

shared by Cristina Raileanu on 17 Jan 13 - No Cached
  • 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,"
  • ...5 more annotations...
  • 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.
lebiez piranaj

Ontario Income Inequality: Canada's Largest Province Facing Growing Poverty, Cuts To So... - 4 views

www.huffingtonpost.ca/...equality-report_n_1839075.html

growing poverty cuts inequality canada income

shared by lebiez piranaj on 17 Jan 13 - No Cached
  • "Ontario's budgets for the last 15 years have repeatedly prioritized tax cuts while casting concomitant cuts to social programs as necessities rather than choices,"
  • there is a growing income gap among Ontarians
  • between 1981 and 2009, Ontario had the country's second highest increase in the poverty rate
  • ...2 more annotations...
  • the percentage of Ontarians living below the low income measure rising from 9.4 per cent in 1981
  • It blames tax cuts coupled with reductions in social programs for many of the problems it outlines."Ontario's budgets for the last 15 years have repeatedly prioritized tax cuts while casting concomitant cuts to social programs as necessities rather than choices," the report states.
  • lebiez piranaj on 18 Jan 13
     
    There is a widening gap in terms of inequality in Canada and it goes on to say that its being blamed on tax cuts for such inequalities, the article goes on to state that the inequality may be the reason for the province to be facing this growing poverty. 
JJ Igra

'Dead' cash to blame for Ontario's stagnant growth, task force warns - 2 views

www.theglobeandmail.com/...article5779990

JJ King Stagnate Growth

shared by JJ Igra on 03 Dec 12 - No Cached
  • JJ Igra on 03 Dec 12
     
    "A new status quo of slow or stagnant economic growth for Ontario's economy is developing," warns the Task Force on Competitiveness, Productivity and Economic Progress. "If economic growth languishes at less than 2 per cent annually, everything from government funding and programs to private sector competitiveness and employment will be impacted." The issue of dead money surfaced this summer when Bank of Canada Governor Mark Carney said Canadian companies are sitting on cash when they should be investing or returning it to shareholders - comments that sparked an avalanche of criticism from economists and executives. Canada's relative stability should make businesses more willing to invest. Instead, they are sitting on large cash reserves. Ontario's GDP per capita ranks 14th among 16 North American peer jurisdictions and lags the median of the peers by $7,500 Roger Martin, chairman of the task force and Rotman School of Management dean, in a release. "But the gap in GDP per capita with North American peers shows that Ontario needs to move now to push for more growth." Dead money could be used "to invest in the physical and human capital we need to increase our productivity and close the prosperity gap," he added. Key Concepts: GDP- gross domestic product Stagnate- Showing no activity; dull and sluggish: "a stagnant economy".
  • ...2 more comments...
  • JJ Igra on 03 Dec 12
     
    Questions: 1) What incentives can the government provide for businesses to invest in other company's? 2) Do you think the government should intervene more or should they let those company's do their own decision making?
  • anonymous on 06 Dec 12
     
    1) Subsidies so that businesses will be willing to take a risk and invest in other companies. 2) Canada is a mixed economy. Government should intervene if the situation is critical but it should also be up to companies to make the rational decision for their company. Netan
  • Cristina Raileanu on 07 Dec 12
     
    1) A crazy one would be to not corporate tax, them, if only for the beginning. Maybe subsidies the companies the government wants businesses to be involved in, and to be willing to invest into.
  • Valentina Padure on 14 Dec 12
     
    2.I think the government should not intervene in the decisions different companies make unless it greatly affects the country's economy.
Rohan Zahur

Stats Canada Discusses household debt - 0 views

www.theeconomicanalyst.com/...anada-discusses-household-debt

Consumer Debt

shared by Rohan Zahur on 17 Jan 13 - No Cached
  • Rohan Zahur on 17 Jan 13
     
    Consumer debt as a percentage of income is highest in BC, Alberta, and Ontario where house prices are highest
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