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Category Archives: Energy
Presentation to the Standing Committee on Finance and Economic Affairs
(February 11, 1992) I am grateful for the opportunity to take part in the Committee’s pre-budget consultation hearings, because this next budget is sure to be one of the most widely watched events in Ontario history. This province, as all parties will acknowledge, is in economic difficulty, and no easy answers appear to be in the offing. I am coming here with some easy answers. Continue reading
Posted in Energy
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Presentation to the Standing Committee on Resource Development
(January 22. 1992) I am grateful for the opportunity to comment on the proposed amendments to the Power Corporation Act, because this Act has had a profound effect on the Ontario economy. Each of you should have a copy of a study entitled .Cross Border Electricity Rates: Ontario’s Loss of Competitiveness.. I would like to ask you to turn to the first graph, which compares Toronto electricity rates to the U.S. average. Until 1978, the U.S. and Ontario had very similar electricity structures, both being monopolized sectors. Continue reading
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The Federal Regulation of Electricity Exports
(October 27, 1986) Energy Probe Research Foundation, an independent think tank on energy issues funded primarily by some 20,000 supporters across Canada, supports the government’s desire to deregulate the electricity export sector, as we have supported prudent deregulation in the entire energy sector. Continue reading
Posted in Energy, Utilities_Electric
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Massive power projects built to export are risky
(August 5, 1985) WANTED: One million investors to put up $2,000 each to finance risky venture. Investors must be willing to wait until the year 2001 for first profits. If interest rates and value of dollar do not perform as forecast to the year 2005, profits may never materialize. This want ad hasn’t appeared in any newspaper, but the venture described, the construction of a massive hydro dam to sell electricity to the U.S., is proceeding at full power. Continue reading
Posted in Energy, Utilities_Electric
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Who’s going anti-nuclear now? Business, that’s who!
(June 11, 1985) It’s a familiar story: government and the nuclear industry lined up in favour of building more reactors; consumer groups and environmentalists lined up in opposition. But now there’s an unlikely twist. The most powerful business lobbies on the continent are entering the fray, and they’re turning their big guns against the nuclear establishment they once endorsed. Continue reading
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Urban Renaissance Institute 