Europe’s energy crunch should serve as a cautionary tale for governments across North America with regard to the challenges of abruptly changing our energy mix by subsidizing renewable energy.
Since 2006, wind and solar generators in Texas have received about $19.4 billion in federal, state and local subsidies.
The higher carbon tax will cost Ontario more than 86,000 jobs and cause the province’s economy to contract by 1.9 per cent.
Wind and solar power are unfortunately unreliable and require backup power sources.
Wind and solar account for only about 8 per cent of Ontario’s electricity output.
Job losses attributed to rising electricity costs outweigh the jobs created in the renewable energy sector.
To store the energy equivalent of one 300-pound barrel of oil, you’d need 20,000 pounds worth of Tesla batteries.
Almost 90 per cent of the revenue to renewable generators came from the subsidy.
High electricity prices were responsible for roughly 75,000 job losses in the province’s manufacturing sector.
In 2016, Toronto residents paid $60 more per month than the average Canadian for electricity.