Green Energy is a Disaster world-wide! ……. Ontario doesn’t get it!

Posted: August 9, 2013 in Uncategorized

Insanity: Einstein’s definition of insanity could be described  as follows:“The definition of insanity is doing the same thing over and over again and expecting different results”

Using this logic, one can then extrapolate from that statement that McGuinty/Wynne and their cohorts are completely INSANE with their never-ending push to convert Ontario’s Energy supply into a Green Renewable Industry that has all the chance of survival as a “snowball in hell”!

Europe’s experiment in insanity has finally crashed to earth faster than a lead balloon and now that all the countries that have promoted this idiotic Green Dream are trying to contemplate how to fix the damage to their Industry, Economy and quality of life that was lost while the idiots who introduced this green nightmare try vainly to keep their tax payer funded jobs!

ONLY Ontario doesn’t want to face the cruel reality of their criminal actions in ruining a once great Province.

Total denial of the facts facing them, we residents of Ontario are saddled with a massive 238 billion dollar debt that will saddle our children and their children with life times of cruel debt payments all generated by a bunch of insane politicians and greedy wind and solar investors!

BENNY PEISER: EUROPE PULLS THE PLUG ON ITS GREEN FUTURE

  • Date: 09/08/13
  • Benny Peiser, The Australian

As country after country abandons, curtails or reneges on once-generous support for renewable energy, Europe is beginning to realise that its green energy strategy is dying on the vine. Green dreams are giving way to hard economic realities.

Green

Solar panels in Spain, where 50,000 solar panels entrepreneurs face financial disaster following cuts in government subsidies.Source: AFP

Slowly but gradually, Europe is awakening to a green energy crisis, an economic and political debacle that is entirely self-inflicted.

The mainstream media, which used to encourage the renewables push enthusiastically, is beginning to sober up too. With more and more cracks beginning to appear, many newspapers are returning to their proper role as the fourth estate, exposing the pitfalls of Europe’s green-energy gamble and opening their pages for thorough analysis and debate. Today, European media is full of news and commentary about the problems of an ill-conceived strategy that is becoming increasingly shaky and divisive.

A study by British public relations consultancy CCGroup analysed 138 articles about renewables published during July last year in the five most widely circulated British national newspapers: The Sun, The Times, The Daily Telegraph, Daily Mail and Daily Mirror, which enjoy a combined daily circulation of about 6.5 million.

“The analysis revealed a number of trends in the reporting of renewable energy news,” the study found. “First and foremost, the temperature of the media’s sentiment toward the renewables industry is cold. More than 51 per cent of the 138 articles analysed were either negative or very negative toward the industry.”

More than 80 per cent of the articles appeared in broadsheet titles The Times, The Daily Telegraph and the Daily Mail, the report says, “but 55 per cent of these articles were either negative or very negative about the industry”.

EU members states have spent about €600 billion ($882bn) on renewable energy projects since 2005, according to Bloomberg New Energy Finance. Germany’s green energy transition alone may cost consumers up to €1 trillion by 2030, the German government recently warned.

These hundreds of billions are being paid by ordinary families and small and medium-sized businesses in what is undoubtedly one of the biggest wealth transfers from poor to rich in modern European history. Rising energy bills are dampening consumers’ spending, a poisonous development for a Continent struggling with a severe economic and financial crisis.

The German Association of Energy Consumers estimates that up to 800,000 Germans have had their power cut off because they couldn’t pay the country’s rising electricity bills; among them, German newspaper Der Spiegel reported last October, are 200,000 long-term unemployed.

As The Washington Post writer Charles Lane observed at the time: “It’s one thing to lose your job because a competing firm built a superior mouse trap; it’s quite another, justice-wise, to lose it because a competitor talked the government into taking its side.”

Two weeks ago, the Czech government decided to end all subsidies for new renewable energy projects at the end of this year. “The reason for this law amendment is the rising financial burden for electricity consumers,” Prime Minister Jiri Rusnok said. “It threatens the competitiveness of our industry and raises consumers’ uncertainty about power prices.” In recent years, almost all EU member states also have begun the process of rolling back and cutting green subsidies.

Spain is a particularly cautionary tale. By failing to control the cost of guaranteed subsidies, the country has been saddled with €126bn of obligations to renewable-energy investors.

Now that the Spanish government has dramatically curtailed these subsidies, even retrospectively, more than 50,000 solar entrepreneurs face financial disaster and bankruptcy.

READ MORE HERE:

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Comments
  1. Wonder what is happening with a class action against the suppliers and promoters of green .. to get $$s back on these projects for those that bought systems/credits on carbon etc…out of the bond that govs etc.. must have made the suppliers/promoters put up???

    • Once these Green Energy projects are shut down, the lawsuits will basically bankrupt any jurisdiction in the world that allowed this Fraud to get started!
      Our children and their children will be indebted for many many decades to a very disgusting vile group of litigious investors who wanted to make a fast buck off the labours of many honest hard working people!!!

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