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Power Generation
Paul Young CPA, CGA
May 16, 2019
Paul Young - Bio
• CPA, CGA (1996)
• Financial Solutions (FOPM/FPM)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Advance Technology and Market
Entry
• SME – Supply Chain Management
• SME – Business Strategy and Restructuring
Contact information:
Paul_Young_CGA@Hotmail.com
Agenda
• Power Generation / Ranking -
Renewable
• Minister of Climate Change /
Catherine McKenna (Clean
Technology)
• Canada and Power Generation
• France and Renewable Energy
• Canada vs World
• Issues with renewable technology
Power Generation / Renewable
Source - https://www.weforum.org/agenda/2018/02/countries-behind-global-renewable-energy-growth/ or https://www.ovoenergy.com/guides/energy-guides/average-electricity-prices-kwh.html or https://www.worldatlas.com/articles/electricity-rates-around-the-world.html
Power Generation / Canada
Source - https://www.iea.org/statistics/monthly/
Canada generates nearly 80% of its
power from clean sources
Catherine Mckenna / Renewal Power
https://www.nextbigfuture.com/2019/05/global
-solar-and-wind-energy-addition-was-the-same-
in-2017-and-
2018.html?utm_source=feedburner&utm_medi
um=feed&utm_campaign=Feed%3A+blogspot%
2Fadvancednano+%28nextbigfuture%29
@cathmckenna I have novel idea for you and
your large social media team is that you start
looking at stats instead spewing out comments
that do not align with evidence!
@fordnation @RodPhillips01
@PremierScottMoe @BlaineHiggs
@Brian_Pallister @jkenney @PEIPCParty
France /
Macron
Source - https://www.canadianmanufacturing.com/manufacturing/french-
leader-others-urge-speed-in-climate-change-fight-228946/
https://qz.com/africa/1431
213/africas-electricity-
shortages-have-health-
and-economic-costs/
Kenya has issues
with brownouts
Macron should look at his own backyard
Transmission Lines / BC
• The power line project is estimated to cost $289 million, with the federal
government contributing $83.6 million and BC Hydro, $205.4 million.
• B.C. Premier John Horgan and Sohi say the project will help industry
move to clean, renewable energy, which will reduce greenhouse gas
emissions.
• Chris O’Riley, BC Hydro’s president and chief operating officer, says the
gas industry is the primary driver for electricity demand in the area and
the project will provide industrial users with clean energy.
• CO2 Foot print
• Wiring
• Poles
• installation
Source - https://www.canadianmanufacturing.com/financing/feds-bc-hydro-fund-289m-transmission-line-expansion-in-
peace-region-231342/
Issues with Renewable Power
Generation
• Access to rare metals - http://www.globalindustryjournal.us/1881/global-
rare-earth-metals-market-future-prospects-growth-and-outlook-2019-
2024/
• Renewable energy requires backup systems like natural gas -
https://www.ge.com/reports/power-outlook-natural-gas-key-future-
power-grid/
• Upgrades to the grid - https://www.technologyreview.com/s/611683/the-
25-trillion-reason-we-cant-rely-on-batteries-to-clean-up-the-grid/
• Alternatives like molten salt generation -
http://www.digitaljournal.com/pr/4059479
• Countries like Canada have hydro power which is clean.
https://www.redplanet.green/top-6-largest-producers-hydroelectric-
power/
Canada vs World (Clean Sources of Power Generation
Source - https://www.iea.org/statistics/monthly/
Summary
• Too many countries are pushing renewables at all cost. The problem
is renewables need to be viable without subsidies -
http://www.lse.ac.uk/GranthamInstitute/faqs/do-renewable-energy-
technologies-need-government-subsidies/ “The International
Energy Agency (IEA) has calculated that subsidies to aid the
deployment of renewable energy technologies amounted to
US$140 billion in 2016. ”
• There needs to better balance between the environment and
economy - https://www.slideshare.net/paulyoungcga/truth-or-lies-
climate-change-caused-by-humans
• We need to stop blaming CO2 for all the issues facing the planet -

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2019 Election| Power Generation| Clean Sources| Canada| February 2019

  • 1. Power Generation Paul Young CPA, CGA May 16, 2019
  • 2. Paul Young - Bio • CPA, CGA (1996) • Financial Solutions (FOPM/FPM) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Financial Solutions • SME – Advance Technology and Market Entry • SME – Supply Chain Management • SME – Business Strategy and Restructuring Contact information: Paul_Young_CGA@Hotmail.com
  • 3. Agenda • Power Generation / Ranking - Renewable • Minister of Climate Change / Catherine McKenna (Clean Technology) • Canada and Power Generation • France and Renewable Energy • Canada vs World • Issues with renewable technology
  • 4. Power Generation / Renewable Source - https://www.weforum.org/agenda/2018/02/countries-behind-global-renewable-energy-growth/ or https://www.ovoenergy.com/guides/energy-guides/average-electricity-prices-kwh.html or https://www.worldatlas.com/articles/electricity-rates-around-the-world.html
  • 5. Power Generation / Canada Source - https://www.iea.org/statistics/monthly/ Canada generates nearly 80% of its power from clean sources
  • 6. Catherine Mckenna / Renewal Power https://www.nextbigfuture.com/2019/05/global -solar-and-wind-energy-addition-was-the-same- in-2017-and- 2018.html?utm_source=feedburner&utm_medi um=feed&utm_campaign=Feed%3A+blogspot% 2Fadvancednano+%28nextbigfuture%29 @cathmckenna I have novel idea for you and your large social media team is that you start looking at stats instead spewing out comments that do not align with evidence! @fordnation @RodPhillips01 @PremierScottMoe @BlaineHiggs @Brian_Pallister @jkenney @PEIPCParty
  • 7. France / Macron Source - https://www.canadianmanufacturing.com/manufacturing/french- leader-others-urge-speed-in-climate-change-fight-228946/ https://qz.com/africa/1431 213/africas-electricity- shortages-have-health- and-economic-costs/ Kenya has issues with brownouts Macron should look at his own backyard
  • 8. Transmission Lines / BC • The power line project is estimated to cost $289 million, with the federal government contributing $83.6 million and BC Hydro, $205.4 million. • B.C. Premier John Horgan and Sohi say the project will help industry move to clean, renewable energy, which will reduce greenhouse gas emissions. • Chris O’Riley, BC Hydro’s president and chief operating officer, says the gas industry is the primary driver for electricity demand in the area and the project will provide industrial users with clean energy. • CO2 Foot print • Wiring • Poles • installation Source - https://www.canadianmanufacturing.com/financing/feds-bc-hydro-fund-289m-transmission-line-expansion-in- peace-region-231342/
  • 9. Issues with Renewable Power Generation • Access to rare metals - http://www.globalindustryjournal.us/1881/global- rare-earth-metals-market-future-prospects-growth-and-outlook-2019- 2024/ • Renewable energy requires backup systems like natural gas - https://www.ge.com/reports/power-outlook-natural-gas-key-future- power-grid/ • Upgrades to the grid - https://www.technologyreview.com/s/611683/the- 25-trillion-reason-we-cant-rely-on-batteries-to-clean-up-the-grid/ • Alternatives like molten salt generation - http://www.digitaljournal.com/pr/4059479 • Countries like Canada have hydro power which is clean. https://www.redplanet.green/top-6-largest-producers-hydroelectric- power/
  • 10. Canada vs World (Clean Sources of Power Generation Source - https://www.iea.org/statistics/monthly/
  • 11. Summary • Too many countries are pushing renewables at all cost. The problem is renewables need to be viable without subsidies - http://www.lse.ac.uk/GranthamInstitute/faqs/do-renewable-energy- technologies-need-government-subsidies/ “The International Energy Agency (IEA) has calculated that subsidies to aid the deployment of renewable energy technologies amounted to US$140 billion in 2016. ” • There needs to better balance between the environment and economy - https://www.slideshare.net/paulyoungcga/truth-or-lies- climate-change-caused-by-humans • We need to stop blaming CO2 for all the issues facing the planet -