Trudeau’s Muskrat Falls dilemma to test Canada’s green pledges

Locutus

Locutus

Adorable Deplorable
Jun 18, 2007
32,230
45
48
65
Andrew Leach ‏@andrew_leach

most remarkable bit in this story is VP of Nalcor saying that Muskrat falls should never have been built #cdnpoli

Canadian Prime Minister Justin Trudeau is considering a request to guarantee new debt offerings to finish an over-budget and delayed hydroelectric project, a test of his support for low-emission energy development.

The estimated cost of the Muskrat Falls project in Newfoundland and Labrador has ballooned to $11.4-billion from $7.4-billion – meaning, on a per-capita basis, Canada’s lightly populated easternmost province is spending more on a single electricity project than the U.S. government is projected to spend in its entire 2017 budget. That’s on top of a large deficit and heavy debt load that prompted Moody’s Investors Service to downgrade the province Thursday.

Canada’s federal government already guaranteed $6.3-billion in initial bonds for Muskrat Falls. The project, which includes construction of an 824-megawatt hydroelectric dam on the lower Churchill River in Labrador, as well as two transmission lines – one to Newfoundland and the other to Nova Scotia – will produce about three times the power used by the province.

mo

Trudeau’s Muskrat Falls dilemma to test Canada’s green pledges - The Globe and Mail
 
C

Curious Cdn

Hall of Fame Member
Feb 22, 2015
37,070
6
36
Locutus said:
Andrew Leach ‏@andrew_leach

most remarkable bit in this story is VP of Nalcor saying that Muskrat falls should never have been built #cdnpoli

Canadian Prime Minister Justin Trudeau is considering a request to guarantee new debt offerings to finish an over-budget and delayed hydroelectric project, a test of his support for low-emission energy development.

The estimated cost of the Muskrat Falls project in Newfoundland and Labrador has ballooned to $11.4-billion from $7.4-billion – meaning, on a per-capita basis, Canada’s lightly populated easternmost province is spending more on a single electricity project than the U.S. government is projected to spend in its entire 2017 budget. That’s on top of a large deficit and heavy debt load that prompted Moody’s Investors Service to downgrade the province Thursday.

Canada’s federal government already guaranteed $6.3-billion in initial bonds for Muskrat Falls. The project, which includes construction of an 824-megawatt hydroelectric dam on the lower Churchill River in Labrador, as well as two transmission lines – one to Newfoundland and the other to Nova Scotia – will produce about three times the power used by the province.

mo

Trudeau’s Muskrat Falls dilemma to test Canada’s green pledges - The Globe and Mail
Click to expand...

They will make evry penny of it back, eventually.
 
gerryh

gerryh

Time Out
Nov 21, 2004
25,756
295
83
captain morgan said:
Correct... The patented trudeau family payment plan only takes 700 years to pay off.
Click to expand...



Actually, it was the cons that put the feds in this position in the first place by guaranteeing 2 bond offerings. Not Trudeau's liberals.

At this point, Trudeau is damned if he does, and damned if he doesn't and it all goes back to the cons. If he guarantees the new bond offering, then those with limited mental capacity like yourself will cry the above. If he doesn't, then the taxpayers are on the hook for the original bond offerings and those with limited mental capacity like yourself will blame Trudeau.
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
109,395
11,449
113
Low Earth Orbit
gerryh said:
Actually, it was the cons that put the feds in this position in the first place by guaranteeing 2 bond offerings. Not Trudeau's liberals.

At this point, Trudeau is damned if he does, and damned if he doesn't and it all goes back to the cons. If he guarantees the new bond offering, then those with limited mental capacity like yourself will cry the above. If he doesn't, then the taxpayers are on the hook for the original bond offerings and those with limited mental capacity like yourself will blame Trudeau.
Click to expand...

The people claimed they wanted green energy and the cons delivered.

As a greenbean who is into such projects, Trudeau does indeed carry the dog sh-t baggie.

Was there opposition from the Libs or NDP saying whoa, this is going to be a white elephant?
 
C

Curious Cdn

Hall of Fame Member
Feb 22, 2015
37,070
6
36
Hydro isn't all that green. It devastates huge areas but it's damned reliable and productive. Green doesn't come to my mind, though. CANDU reactors are "greener" than big Hydro.
 
captain morgan

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
146
63
A Mouse Once Bit My Sister
gerryh said:
Actually, it was the cons that put the feds in this position in the first place by guaranteeing 2 bond offerings. Not Trudeau's liberals.

At this point, Trudeau is damned if he does, and damned if he doesn't and it all goes back to the cons. If he guarantees the new bond offering, then those with limited mental capacity like yourself will cry the above. If he doesn't, then the taxpayers are on the hook for the original bond offerings and those with limited mental capacity like yourself will blame Trudeau.
Click to expand...

Politics sure is a b*tch, ain't it.

On that note, the Trudeau's have a fantastic record of amassing huge amounts of debt that take decades to pay off.... But not to worry, apologists such as yourself will find a way to blame anyone else but the people that actually made the sh*tty decisions.

Curious Cdn said:
They're selling electricity to the Americans, not flowers to the Dutch. It will pay back.
Click to expand...

Isn't Ontario already paying the Americans to take some of their power?

https://www.thestar.com/news/queens...n_to_dump_excess_electricity_in_2013_ndp.html

... But that won't happen under Trudeau... He's far too experienced as a substitute dwama teacher and snow board instructor to ever allow that to happen



petros said:
Site C is going end up the same way.
Click to expand...

Those damns are extremely effective at collecting heavy metals, arsenic and other wonderful toxins.
 
gerryh

gerryh

Time Out
Nov 21, 2004
25,756
295
83
captain morgan said:
Politics sure is a b*tch, ain't it.

On that note, the Trudeau's have a fantastic record of amassing huge amounts of debt that take decades to pay off.... But not to worry, apologists such as yourself will find a way to blame anyone else but the people that actually made the sh*tty decisions.
Click to expand...



and in this case, you are the apologist and it is the con's that made the decisions to guarantee the previous 2 bonds. You go ahead though, and continue to place blame everywhere but where it belongs. It's what you are best at.
 
captain morgan

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
146
63
A Mouse Once Bit My Sister
gerryh said:
and in this case, you are the apologist and it is the con's that made the decisions to guarantee the previous 2 bonds. You go ahead though, and continue to place blame everywhere but where it belongs. It's what you are best at.
Click to expand...

It's OK pumpkin, no one will really take Justine task on this so you needn't have any more nightmares.

Just click your heels together 3 times and repeat; Sunny Ways, Sunny Ways, Sunny Ways 1,000 times
 
gerryh

gerryh

Time Out
Nov 21, 2004
25,756
295
83
captain morgan said:
It's OK pumpkin, no one will really take Justine task on this so you needn't have any more nightmares.

Just click your heels together 3 times and repeat; Sunny Ways, Sunny Ways, Sunny Ways 1,000 times
Click to expand...



and I would do that, why? Once again, you prove your limited intelligence. I didn't vote for the Libs, and as long as Justin is their leader I won't vote for them. I actually voted for Kenney, which was also a mistake since he is now deserting his constituents to go provincial.

Unlike you, I have no problem laying the blame for squandered money at the feet of those that are truly responsible for it. In this case, that would be your beloved con's, not the Libs.
 
petros

petros

The Central Scrutinizer
Nov 21, 2008
109,395
11,449
113
Low Earth Orbit
Curious Cdn said:
It is an excellent revenue generator, good for a century at least.
Click to expand...

Hydro sold to who? Nonexistent mega NG gas plant customers? Native mega industry?

gerryh said:
and in this case, you are the apologist and it is the con's that made the decisions to guarantee the previous 2 bonds. You go ahead though, and continue to place blame everywhere but where it belongs. It's what you are best at.
Click to expand...
Was there opposition?
 
C

Curious Cdn

Hall of Fame Member
Feb 22, 2015
37,070
6
36
Jinentonix said:
Yep, just ask Ontario. If the customer doesn't cover the cost, you can damn well bet the provincial taxpayer will be forced to.
Click to expand...

Ontario just dabbles at Hydro exports. A couple of years ago, Ontario was New England's customer.

The real collosus at exporting power to the US is Quebec.
 
gerryh

gerryh

Time Out
Nov 21, 2004
25,756
295
83
petros said:
Maybe you should have before assigning blame huh?
Click to expand...



Yup, still an idiot. Go back to the original part of this thread. Blame was being assigned to Trudeau for something passed and given out by the Cons. I wasn't doing the original assignment, I was just redirecting to where it belonged.


But then, if it makes you and cap feel better about yourselves to blame this ALL on the Libs.... go for it.
 
You must log in or register to reply here.
Top Bottom