Archive | Climate Change, Carbon Taxes and ENGOs

Net-zero emissions commitments hold benefits, but also downsides, for miners – by Simone Liedtke (MiningWeekly.com – January 6, 2021)

https://www.miningweekly.com/

Miners are targeting massive carbon reductions over the next 10 to 15 years on the path to achieving net-zero emissions by 2050, with equity research company Jefferies warning that this implies higher costs and capital expenditure (capex), but also a trend of less supply, higher commodity prices, higher free cash flow and higher share prices.

The commitment to net-zero emissions is a result of mining companies coming under increasing pressure to make explicit and sizable capital commitments for initiatives that target the reduction of greenhouse-gas (GHG) emissions in line with global plans to meet the Paris Agreement target of limiting global warming.

Some miners – like Fortescue, Rio Tinto, BHP, Newmont and Vale – have given explicit guidance about investment in such initiatives, Jefferies says in its equity research report for metals and mining, published on January 6. Continue Reading →

In 2021, let’s challenge green tyranny – by Tim Black (Spiked Online.com – December 30, 2020)

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At the start of the year, the world’s plutocrats gathered alongside their political allies in Davos for the World Economic Forum, and listened excitedly while special guest Greta Thunberg berated them for not going far enough in the fight to save the planet.

It was a telling moment, capturing just how central environmentalism – especially today’s self-flagellating, end-of-days version – now is to the worldview of the West’s political, business and cultural elites.

It has been quite the rise. For much of environmentalism’s history, it was largely on the fringes of elite discourse, not at the centre. It was the counter-enlightenment preserve of landed aristocrats, disillusioned Tories (the origins of the Green Party), and the New Left. Continue Reading →

Electric cars are on the rise in cities. Can power grids cope? – by Nick Carey and Helena Soderpalm (Christian Science Monitor – December 16, 2020)

https://www.csmonitor.com/

A stroll down Stockholm’s longest street that takes its name from the mythical Valhalla, where Norse gods feast and fight until doomsday, gives a hint of the battle today’s power grids face to keep pace with government goals to electrify transport.

Early this month, a man selling Christmas trees looked on as workers installed 10 public vehicle charging stations with two power outlets each in Valhallavägen, which is around 2.17 miles long. It’s progress, but not enough.

Sales of electric and plug-in hybrid vehicles during the first nine months of 2020 rose by 122% in the European Union, accounting for about 8% of new car sales, industry figures show. Continue Reading →

China’s Coal Industry Fights for Survival in a Greener World (Bloomberg News – December 15, 2020)

https://www.bloomberg.com/

The dirtiest fossil fuel dominates the economy, but it’s at odds with the nation’s goal to be carbon neutral by 2060.

The future of coal looks like an ice-cream truck parked half a kilometer down a mine shaft in China’s Shanxi province. The yellow-and-white vehicle is equipped with a 5G router from Huawei Technologies Co. to gather data for the mine’s control center, where technicians monitor high-definition feeds on a screen the size of a two-story house.

They’re tracking temperature and methane concentrations while keeping watch over the black lumps zipping along conveyor belts on the way up to waiting trucks.

The data collection would previously have been done by workers down in the pit, but Yangquan Coal Industry Group has managed to eliminate some of those workers and virtualize the least appealing aspect of mine labor. Continue Reading →

Santa Justin puts a lump of coal in every Canadian’s Christmas stocking – by Rex Murphy (National Post – December 15, 2020)

https://nationalpost.com/

To try to sell the hiked carbon tax as an answer to the economic devastation of the past year is a breathless audacity

Are there any so naïve who did not believe the Trudeau government would work to slyly entwine the protracted and immiserating COVID-19 crisis with its global warming obsession?

Take advantage of a time when economic reality is at its bleakest, the citizens of Canada anxious and unsettled, our national treasury pillaged, and — just for good measure, when Christmas itself is cancelled — slap an outrageous carbon tax on everyone? It’s a lump of coal (carbon) in every Canadian’s Christmas stocking, compliments of Santa J.

They are a shifty lot. Deliberately appropriating the emotions and character of the pandemic and rhetorically slapping them on “the fight against climate change.” It is political cynicism with a smiley face. Continue Reading →

UN climate report reveals goals of Trudeau’s ‘Great Reset’ – by Lorrie Goldstein (Toronto Sun – December 12, 2020)

https://torontosun.com/

Conservative MP Pierre Poilievre was falsely condemned recently for trading in conspiracy theories.

His accusers were Liberals and liberal media who misrepresented what “The Great Reset” of society — advocated by Prime Minister Justin Trudeau, the World Economic Forum and the United Nations (where it’s called “The 2030 Agenda for Sustainable Development”) — means.

It means what Poilievre said it means — global elites using the COVID-19 pandemic and recession to fundamentally reshape society, reduce economic freedom and transfer wealth from the developed to the developing world. Continue Reading →

World’s largest copper miner to cut 70% of emissions by 2030 – by Cecilia Jamasmie (Mining.com – December 14, 2020)

https://www.mining.com/

Chile’s Codelco, the world’s largest copper producer, has outlined sustainability plans in five areas of action for its operations and projects, including goals to cut carbon emissions by 70%, reduce inland water consumption by 60% and recycling 65% of its industrial waste by 2030.

The state-owned miner, which in 2017 planned to sell “green copper” at a premium price to customers using more sustainable practices like renewable energy, now favours a broader initiative.

The plan, centred around five key points, seeks to reduce around three quarters of the company’s carbon emissions by creating what it calls a “100% clean energy matrix”. Continue Reading →

Liberals’ climate plan comes with too much of the messianic message – by John Ivison (National Post – December 12, 2020)

https://nationalpost.com/

What is vexing is Trudeau’s conviction that all Canadians share his zeal – and that any who do not are not merely misguided but immoral

As George Orwell once said of Christianity and socialism, the worst advertisement for environmentalism is its adherents.

In particular, Justin Trudeau in full messianic flow is enough to make even the most ecologically conscious among us request a plastic bag next time we go to the supermarket.

The prime minister and ministers Jonathan Wilkinson, Catherine McKenna and Steven Guilbeault revealed the government’s new climate and clean growth strategy on Friday, a plan designed to exceed Canada’s Paris targets of 30 per cent reductions in greenhouse gas emissions from 2005 levels by 2030. Continue Reading →

OPINION: Tesla’s lavishly priced shares might soon lure it into the M&A game – by Eric Reguly (Globe and Mail – December 10, 2020)

https://www.theglobeandmail.com/

Tesla boss Elon Musk may be studying the blockbuster AOL-Time Warner merger of 20 years ago, the biggest, most sensational deal of the era. That’s because he may be considering a similar stunt himself – using Tesla Inc.’s crazily overvalued shares as a takeover currency.

But first, a reminder of those heady days, when the dot-com boom was still intact and America Online – better known as AOL, led by Steve Case – went shopping.

By then AOL was a tech juggernaut, a pioneer of e-mail, web portals, instant messaging and browsing. Mr. Case added CompuServe and Netscape to the mix, and investors fell in love with the whole techy mess. Continue Reading →

Opinion: Canada’s climate-change child soldiers – by Andrew Roman (Financial Post – November 25, 2020)

https://financialpost.com/

“Canada produces just 1.6 per cent of global CO2 emissions, with
Ontario responsible for less than half of that. China, by contrast,
is at 30 per cent and rising.”

On Nov. 12 an Ontario judge refused to strike out a lawsuit by a group of two minor children and five youths alleging that the Ontario government’s 2018 reduction in its climate-change target by 15 per cent violates their constitutional rights to life, liberty and security of the person.

This judgment conflicts with a judgment of the Federal Court two weeks earlier, striking out an almost identical claim. The Ontario court should have followed the Federal Court precedent.

Most adults have an instinctive desire to protect innocent, vulnerable children. In the climate-change wars, however, we are seeing child litigants being used as climate-change soldiers in lawsuits brought by adult lawyers and their financial supporters. Continue Reading →

OPINION: Forget electric vehicles. Post-pandemic cities don’t need them – they are still cars – by Eric Reguly (Globe and Mail – November 21, 2020)

https://www.theglobeandmail.com/

The Globe and Mail Future of Cities series showed how the pandemic might reshape Canada’s urban areas, probably for the better: fewer cars, more green space, a focus on community life, short travel times, the end with the obsession with single-family homes, among other goodies.

How does the electric vehicle (EV) fit into these scenarios? It shouldn’t, but it does.

The hype around EVs and their offspring, self-driving e-cars, is dazzling and relentless, and anyone who thinks they should not be part of the new urban mix is treated as a Luddite dotard with a romantic attachment to a convenient, but clapped-out and highly polluting, technology – the internal combustion engine. Continue Reading →

End of the road? Quebec’s goal to ban gas-guzzling cars latest move to hasten oil’s decline – by Geoffrey Morgan (Financial Post – November 21, 2020)

https://financialpost.com/

Bob Larocque’s industry is planning for a future where the market for their main product, gasoline, begins to evaporate as national and sub-national governments phase out gasoline- and diesel-powered vehicles under increasingly ambitious timeframes.

“I need to understand how this will work,” said Larocque, president and CEO of the Ottawa-based Canadian Fuels Association, which represents Canadian oil refineries.

The global shift started with a planned ban on oil-powered vehicles in India in 2017, then Taiwan and Japan, with major economies in the European Union following suit. Continue Reading →

Romania’s coal-black heartland embraces Europe’s Green New Deal – by Hans von der Brelie (Euro News – November 13, 2020)

https://www.euronews.com/

Our drone reveals an apocalyptic landscape of industrial decline: abandoned mine buildings as far as the eye can see.

This is Jiu Valley, in south-western Romania, a six-hour drive from the capital Bucharest: it’s Romania’s famous coal heartland.

But it now finds itself at a crossroads, as Europe’s coal regions transition away from this fossilised fuel to more environmentally-sustainable energy sourcess. Continue Reading →

Any plan for Canada to reach its climate targets must include nuclear – by John Gorman (Financial Post – November 10, 2020)

https://financialpost.com/

CanadiansJohn Gorman is president and CEO of the Canadian Nuclear Association.

If and their governments want a serious energy plan for Canada, one that doesn’t require sacrificing our economic interests for our social and physical well-being, or vice versa, they need to consider nuclear power.

Nuclear energy is clean, energy-dense carbon-free, and reliable, generating power around the clock, whatever the weather. No plan for Canada to reach its climate targets that doesn’t have nuclear in the mix is credible.

Nuclear power is one of the largest producers of clean electricity around the world and — though people forget this — it’s already one of the most important generators of electricity in Canada, accounting for 15 per cent of production. Continue Reading →

Hundreds of coal mining jobs to end as power company switches to natural gas (Victoria Times Colonist – November 4, 2020)

https://www.timescolonist.com/

CANADIAN PRESS: CALGARY — Alberta power producer TransAlta Corp. says it will end operations at its Highvale thermal coal mine west of Edmonton by the end of 2021 as it switches to natural gas at all of its operated coal-fired plants in Canada four years earlier than previously planned.

The announcement will result in hundreds of mine job losses as employment drops to 40 to 50 people involved in reclamation work, expected to take about 20 years, from a peak workforce of around 1,500, said CEO Dawn Farrell on a conference call on Wednesday.

ransAlta confirmed last week it had closed a $400-million second tranche of a $750-million investment by an affiliate of Brookfield Asset Management, with the proceeds to be used to advance its coal-to-gas conversion program and other corporate purposes. Continue Reading →