Trudeau government contemplating to sell A minority stake of Pearson airport?

Canadian government contemplating to sell A minority stake of Pearson airport? (MSM). By Josh Wingrove and Scott Deveau.

Canada is considering the sale of at least a minority stake in Toronto Pearson International Airport that values the country’s busiest airport at about C$5 billion ($3.7 billion), according to people familiar with the matter.

The stake sale, just one of many options laid out in a report to government prepared by Credit Suisse Group AG, would free up billions of dollars for new infrastructure projects, the people said, asking not to be identified because the matter is private.

A federal advisory panel recommended last year the government look at selling its airports, and the C.D. Howe Institute estimates privatization of the country’s eight major airports could rake in between C$7 billion and C$17 billion, with Pearson alone fetching as much as C$6 billion. Selling the airports would cut costs for travelers and create opportunities for more shops and services, the non-partisan research institute said.

“The subject is still being studied and no decision has been taken,” Marc Roy, a spokesman for Transport Minister Marc Garneau, one of the lawmakers overseeing the consideration of privatization. “We won’t comment on any rumors.” The government has so far declined to release the Credit Suisse report.

Selling slightly less than half of Pearson would be the easiest of several scenarios Credit Suisse presented to Prime Minister Justin Trudeau’s government in a report last year, according to the people. That scenario would allow the government to retain control of the airport while raising billions for other projects.

Sam Pollock, the head of Brookfield Asset Management Inc.’s infrastructure group, has said there would be a “feeding frenzy” among institutional investors if airports were put up for sale.
Benefits and Pitfalls

The confidential Credit Suisse report outlined the potential benefits and pitfalls of various scenarios of such a move. Trudeau downplayed airport sale expectations last month when he said he was more “interested in other things.” Sources familiar with the government’s thinking said the privatization of any of the nation’s airports is still being considered.

Credit Suisse’s findings represent “one element of a broad range of information the government will consider” in weighing airport privatization, Dan Lauzon, a spokesman for Finance Minister Bill Morneau, said by email Friday. “The government has taken no decisions at this time.” Hmmm.....Where's there smoke there's a fire. Read the full story here.

Munich Security Conference - Russian FM Lavrov: "the post-Cold War order, i.e. the "liberal world order," has come to an end".

Munich Security Conference - Russian FM Lavrov: "the post-Cold War order, i.e. the "liberal world order," has come to an end". (MEMRI).

Russian FM Lavrov's Call For A New World Order To Counter U.S. Influence In Europe.

Russian Foreign Minister Sergey Lavrov's speech at the 53rd Munich Security Conference contained the elements of a new political ideology that Russian President Vladimir Putin is striving to build. The Soviet Union was erected on the foundation of a cohesive communist ideology. 

However, with the fall of the Soviet Union, Russia remained without an ideology to counter the "liberal world order" and, most importantly, the U.S. influence in Western and Eastern Europe. 

As pro-Kremlin philosopher Alexander Dugin wrote: "All of Russian history is a dialectical argument with the West and Western culture, a battle for the assertion (sometimes grasped only intuitively) of its own Russian truth."[1]

Now, Putin does not yet have this "Russian truth," as he is still trying to outline the basis of a new ideology. However, it clearly appears that the new, not-yet-shaped ideology is based on the rejection of the "liberal world order." 

In order to reject it, Russia has to stop the U.S./West from exporting liberal values by establishing the concept of "pragmatism" in foreign policy. Pragmatism is a tool to protect its sovereignty and avoid color revolutions, and by extension, U.S. influence. 

Director General Of Russian Government-Funded Think Tank, RIAC Andrey Kortunov stated that the Kremlin's emphasis on "sovereignty" displays "the evident fear of foreign ideologies penetrating Russia rather than an intention to promote another universalist ideology abroad."[2] 

However, as mentioned earlier, the emphasis with sovereignty can be interpreted as the basic principle for the rejection of the liberal order in actual policies, especially regarding Western and Eastern Europe; and, contrary to Kortunov, Dugin considers that disagreement with liberalism is far from being a bad foundation for a new ideology.

Lavrov: 'The Post-Cold War Order Has Come To An End'

Ten years later, Lavrov declared that this post-Cold War order "has come to an end," since Cold War institutions, NATO being one of them, failed to adapt to new realities. Stressing the fact that NATO became an anachronistic institution, Lavrov stated that NATO expansion created "a level of tension in Europe unseen in the last thirty years." 

He then added: "It is said that wars start in people's heads, but according to this logic, it is also in people's heads that they should end. This is not the case yet with the Cold War. Some statements by politicians in Europe and the United States seem to confirm this particularly clearly."

In his speech, Lavrov also refuted the allegations that Russia is attempting to undermine the so-called "liberal world order," that won over communism after the collapse of the Soviet Union. 

However, at the same time, he stressed that Russia rejects the 'liberal world order,' which he defined as a model that ended up being merely "an instrument for ensuring the growth of an elite club of countries and its domination over everyone else." (It worth noting, as mentioned above, that Lavrov opened his speech, stating that the post-Cold War order, i.e. the "liberal world order," has come to an end). 

He then called up leaders with "a sense of responsibility" to choose "a post-West world order," in which each country develops its own "sovereignty" within the framework of international law, with respect for each country's identity. Read the full story here.

Ontario's Wynne to spend $7-billion on sweeping climate 'insanity' plan.

Ontario's Wynne to spend $7-billion on sweeping climate 'insanity' plan. (GlobeAndMail).

The Ontario government will spend more than $7-billion over four years on a sweeping climate change plan that will affect every aspect of life – from what people drive to how they heat their homes and workplaces – in a bid to slash the province’s carbon footprint.

Ontario will begin phasing out natural gas for heating, provide incentives to retrofit buildings and give rebates to drivers who buy electric vehicles. It will also require that gasoline sold in the province contain less carbon, bring in building code rules requiring all new homes by 2030 to be heated with electricity or geothermal systems, and set a target for 12 per cent of all new vehicle sales to be electric by 2025.

Among the Highlights included:

• $3.8-billion for new grants, rebates and other subsidies to retrofit buildings, and move them off natural gas and onto geothermal, solar power or other forms of electric heat. Many of these programs will be administered by a new Green Bank, modelled on a similar agency in New York State, to provide financing for solar and geothermal projects.
• 
  
• New building code rules that will require all homes and small buildings built in 2030 or later to be heated without using fossil fuels, such as natural gas. This will be expanded to all buildings before 2050. Other building code changes will require major renovations to include energy-efficiency measures. All homes will also have to undergo an energy-efficiency audit before they are sold.
• $285-million for electric vehicle incentives. These include a rebate of up to $14,000 for every electric vehicle purchased; up to $1,000 to install home charging; taking the provincial portion of the HST off electric vehicle sales; an extra subsidy program for low– and moderate-income households to get older cars off the road and replace them with electric; and free overnight electricity for charging electric vehicles. The province will also build more charging stations at government buildings, including LCBO outlets, and consider making electrical vehicle plug-ins mandatory on all new buildings. The plan sets targets of expanding electric vehicle sales to 5 per cent of all vehicles sold by 2020, up to 12 per cent by 2025, and aiming to get an electric or hybrid vehicle in every multivehicle driveway by 2024, a total of about 1.7 million cars.
• New lower-carbon fuel standards would require all liquid transportation fuels, such as gasoline and diesel, to slash life-cycle carbon emissions by 5 per cent by 2020. The plan will also provide $176-million in incentives to fuel retailers to sell more biodiesel and 85-per-cent ethanol blend. The government will also oblige natural gas to contain more renewable content, such as gas from agriculture and waste products.

Hmmm.....Good luck heating homes in Winter without fossil fuels & transporting all goods with electric trucks......MORONS!  Read the full lunatic story here.

$13 million wasted on windy last day of March: Ontario pays to get rid of excess Hydro.

$13 million wasted on windy last day of March: Ontario taxpayer pays to get rid of excess Hydro. (WindconcernOntario) By Parker Gallant

These spring windy days are costing you: Ontario’s Wynne government  pays millions for power it can’t use including wind, produced exactly when we don’t need it.

                                   More than $13 million wasted on windy last day of March

March 2016 left like a lion with the wind roaring mightily. Wind on March 31^st could have generated over 90% of its IESO posted capacity of almost 3,900 MW— but it didn’t.

Demand  was relatively low in Ontario that day, with users requiring only 359,000 MWh. That meant the IESO folks were busy getting nuclear to steam off (about 26,000 MWh), spilling hydro, and actively curtailing wind.

Curtailed wind generation on that day exceeded both Ontario’s net exports of 31,400 MWh, and wind-generated electricity actually delivered to the grid.   Our exported surplus was sold at a negative average price of the HOEP (hourly Ontario energy price) as we paid New York, Michigan, Quebec, and others $1.71/MWh to take our excess power.

We also paid wind power generators in the neighbourhood of $120 per MWh to curtail an estimated 40,500 MWh.

Our production costs for the month of March are collectively estimated at $117/MWh, suggesting the Global Adjustment (GA) will average about $112/MWh and the HOEP will average around $5/MWh.
That means the cost of the day’s full generation of 400,224 MWh (Ontario Demand + exports) at an estimated $46.8 million. Included in that figure are costs for net exports,  steamed off nuclear, spilled hydro, curtailed wind, and idling gas plants, needed to back up wind and solar.

The one-day costs included in the $46.8 million are: an estimated $1.5 million for Bruce Power to steam off nuclear; $3 million to pay idling gas plants; $3.7 million to pay for our exported surplus; and about $4.8 million for curtailed wind.

Without including costs for spilled hydro, the total costs for energy not needed for just one day came to about $13 million.  We should be grateful the sun wasn’t shining too or we would have been paying for solar generation at even higher prices.

We also saved about $15/MWh or $600,000 March 31^st by curtailing wind generation or the $13 million daily cost would have been higher.

Now, try to imagine how that $13 million might have helped out our health care system, perhaps by retaining nurses at many hospitals such as Windsor, North Bay, etc., where recent staff reductions have occurred. No wonder an Ontario Health Coalition study a year ago stated:  “we have been deeply disturbed at the devastating cuts we are seeing to needed public hospital care all across Ontario.”

The money that should be earmarked for health care is finding its way into the pockets of the mainly foreign wind turbine and solar panel developers instead of actually helping out Ontarians.

Time to scrap the acquisition of more intermittent wind and solar generation and earmark the money where it belongs. Ontarians don’t want to see $13 million wasted daily, just to pretend wind and solar are better than emission-free nuclear and hydro.

Infrastructure spending OK, but that’s not what the Trudeau gov. proposes to do.

Infrastructure spending OK, but that’s not what the Trudeau gov. proposes to do. (FrazerInstitute).

Some of the details of the Liberal's budget, which ran almost 270 pages, are now emerging, resulting in serious questions about aspects of the budget.

As a number of researchers have already observed, the rhetoric of the Liberal budget simply doesn’t match their specific plans (see here, here, here). This gap between the rhetoric of the budget and its actual proposals is front and center in one of the budget’s signature sections: infrastructure spending.

Without debating the specific merits of any of these individual initiatives, it’s fairly clear that most of the “infrastructure” spending is not aimed at improving the core infrastructure of the country such as our roads, bridges and highways. In other words, simply calling the spending delineated above “infrastructure” doesn’t mean the spending is actually on infrastructure.

In addition, there are genuine questions about the “multipliers” included in the budget as a rationale for this spending.

The argument, rooted in Keynesian economics, is that governments can spend one dollar and generate more than one dollar’s worth of economic activity.

The narrative employed in the budget, which combines the concepts of both improving the long-term performance of the Canadian economy and the multiplier of infrastructure spending, is that such spending pays for itself.

The problems with this argument are twofold.

One, as outlined above, almost none of the spending referred to as infrastructure is actually on infrastructure. 

And two, the concept of multipliers has been rigorously debated in economics and there is genuine debate about their validity. Read the full story here. 

Trudeau' 'budget' slips in proposal to seize your bank account if bank fails.

Trudeau' 'budget' slips in proposal to seize your bank account if bank fails. HT: CIJNews.

Did you see what Justin Trudeau slipped into the budget this week, hidden away on page 223?
It’s called a bank “bail-in regime”.

That means if a Canadian bank starts to fail, it would be allowed to seize your bank account to pay its bills. Seriously.

It’s what they did in Cyprus three years ago, when bankers there made risky loans to Greece. In a back-room deal, politicians and bankers decided to pay off the bank debts by just seizing 10% of everyone’s deposits.

The country had a melt-down. Banks closed, ATM withdrawals were limited. It was a disaster. Of course, well-connected insiders got all of their cash out in time.

It’s all right there in black and white in Trudeau’s budget. Click here to see for yourself.

This outrageous proposal is not yet law. But if Canadians accept it in silence, it will be. Hmmm.....If you want to know a 'man's' Character give him power! Read the full story here. 2016 Budget can be downloaded here.

Is Bringing in 300.000 'Economic refugees' a year into Canada really a 'great idea'?

Source

Canada - Mccallum: Refugees are “economic immigrants”, newcomers to surpass 300k per year. Is it really a great idea? HT: CijNews.

McCallum portrayed as “foolish” the immigration policy of the previous Conservative government which distinguished between “economic” immigration and refugees.

He asserted that the refugees are “economic immigrants” as they also contribute to the economic growth, and pledged to open Canada’s doors even wider in 2017-19 in an effort to increase the number of newcomers to more than 300,000 in each year.

The following are excerpts from Mccallum’s speech:

“Because of the aging population, because of the needs in Nova Scotia, the needs of Canada, we must grow our economic immigrants over time.

“But economic immigrants include refugees, refugees work. Economic refugees include family members, most spouseד work.

“Economic immigrants as defined also include spouses of principal applicants, some of whom don’t work.

“So, we should get out of this foolishness of black versus white, economic versus others. All immigrants are economic immigrants in the sense that they contribute to our country…

“So, you in Nova Scotia, we in Canada, don’t want this to happen, because your population a bit more advanced in aging than the rest of the country, but all us face an aging population. So, immigration is important not only to Nova Scotia but to the country as a whole. Hmmm......Somehow i can't picture these immigrants moving to Nova Scotia or the Northern Territories.....Good luck with this. Read the full story here.

Source

Great study by the CATO institute PDF Link here.

Canada - Trudeau gov. National deficit may reach $150 billion: TD

Canada - Trudeau gov. National deficit may reach $150 billion: TD. (TD).HT Cijnews.

TD’s new analysis suggests that the federal government is too optimistic in its economic projections, and specifically regarding its ability to keep a low level of deficit.

Finance Minister Bill Morneau announced on February 23, 2016 that the federal will run larger than expected deficits over two years. According to Morneau, the 2016-2017 deficit will be $18.4-billion and $15.5-billion for 2017-2018.

According to TD’s report (March 1, 2016), which re-calculated the projected path of deficits to include our consensus assumptions on economic growth and extended the forecast horizon to 5 years, the deficits will rise to around $30 billion per year (1.5% of GDP), or a cumulative $150 billion through fiscal year 2020/21.

“Even excluding the amount set aside for prudence, cumulative deficits are likely to reach nearly $120 billion,” the report reads.

“The persistence of the deficits over the medium term largely reflects our downgraded view of Canada’s economic growth rate. Although projected revenue gains are likely to surpass those of spending by a slim margin, the large size of initial deficits means it will take some time to restore balance.

Indeed, without tax increases or adjustments to the profile of spending, it would take more than a decade for the budget to return to balance.” Read the TD finanancial report here.

"Real Change" - Canada sells 43.3% of its official gold reserves.

"Real Change" - Canada sells 43.3% of its official gold reserves. (pennyminingstocks).

According to the IMF (http://www.gold.org/research/latest-world-official-gold-reserves), Canada sold 1.3 tonnes of gold reserves (43.3% of its gold reserves) in January 2016.
Update: It seems the sale happened in December 2015. (See pictures below).

As of January 2016 Canada had 3.0 tonnes of Gold reserves and as of February 2016 only 1.7 tonnes.

Canada sold most of its gold in the 1990s with UK at the lowest price possible. Canada had 1,023 tonnes of gold reserves in 1965 the highest level recorded in its history.

Canada sold off half of its central bank gold holdings by 1985 down to 500 tonnes and then was a major participant in the western central bank collusion scheme to suppress the price of gold and sold gold at fire sale prices all through the 1990s up to 2002.

HT and source:

January/16 Canada sold 1/2 of Gold Reserves.

We're 99th just above Albania below Haiti.
You think that hurt our $ ? pic.twitter.com/ZIFutZ2gtx

— Manny Montenegrino (@manny_ottawa) February 6, 2016

Last time Canada sold off its gold reserves:
Low $ 65 cents
Liberal Government.
( see last tweet ) pic.twitter.com/0DeUMOATom

— Manny Montenegrino (@manny_ottawa) February 6, 2016

Source.

'Thank You Suckers' - Ukraine Triples Price for Transiting Russian Gas to Europe.

'Thank You Suckers' - Ukraine Triples Price for Transiting Russian Gas to Europe. (Novinite).

Ukraine has more than trebled the price of transiting Russian natural gas to Europe via its territory since the start of 2016, according to Ukrainian media outlet energy.apostrophe.com.ua.

The change means that Russia’s Gazprom now must pay Ukraine USD 7.9 to carry 1,000 cubic meters of gas along a distance of 100 km of Ukrainian pipelines. The price was USD 2.5 until the end of last year.  

Ukraine’s energy regulator decided in December to increase the price of gas transit to Europe and change the formula for its setting. Until the end of 2015 the price of transit was pegged to the price of Russian gas according to an agreement between Ukraine’s Naftogaz and Russia’s Gazprom signed in 2009. Since the start of 2016 the price of transit is being set by Ukraine’s state –run energy regulator on the basis of expenditures incurred by Ukrainian gas transmission company Ukrtransgaz, with the impact of gas price on the price of transit being considerably reduced.

Ukraine is expected to send to Gazprom the first invoice calculated under the new rules next month – for the transit volumes shipped across the country’s territory in January, the Ukrainian media outlet said citing government sources.

Naftogaz CEO Andriy Kobolev has said that the new system of pricing in gas transportation introduced by Ukraine is in line with the rules of the European Union.

"Ukraine has introduced a new system of gas transportation relations. It applies not only to Gazprom but any company that wants to transport gas through Ukrainian territory. It will be transported according to the European rules," Kobolev told Ukrinform on Tuesday in Brussels. 

According to Kobolev, the new system eliminates the concept of "transit", which is being replaced by the definition "export through input-output system." Hmmm.....Do they have to thank  VP Biden's son personally for this?

Sound cloud - The Day Ontario Died.

SoundCloud

The Day Ontario Died.

A remake from the Great Song American Pie Written by DOn Mclean describing the Current Situation in Ontario.

Ontario Liberals paid $10K to have hard drives wiped: OPP documents https://t.co/4rzKNi54bB

— Merrilee Fullerton (@doctorfullerton) December 17, 2015

Trudeau 'Admin' exempts Syrian refugees from loan repayments.

Father Christmas Trudeau 'Admin' exempts Syrian refugees from loan repayments. (VancouverSun).

The federal Liberal government said Thursday that it will exempt Syrian refugees from a rule that can burden impoverished newcomers with loans of up to $10,000 upon arrival.

Critics say the government should expand that privilege to all asylum-seekers so they’re not forced to pay for the cost of their own flight to freedom.

A statement from Citizenship and Immigration Canada said many fleeing Syrian refugees have “lost everything” and will lack financial resources “for some time” after arriving in Canada.

“Given the extreme and unprecedented hardships faced by this community, Canada is upholding its humanitarian tradition by offering help and protection to those most in need,” the statement said.

“This includes waiving the issuance and repayment of immigration loans … and covering the cost of immigration medical examinations and transportation loans.”

Hmmm........Canadians must Expect new and way higher taxes from this 'admin' to pay for all this free stuff. Read the full story here.

Bye the way Flashback 2013 !

30,000 Canadians are homeless every night!

200,000 Canadians are homeless in any given year, national report says

China’s top climate change negotiator says keeping leaders away is key to climate talk success.

China’s top climate change negotiator says keeping leaders away is key to climate talk success. (ET).

Keeping state leaders away from the negotiations will play a major role in ensuring that crucial talks on a new global climate deal in Paris next week proceed smoothly, China’s top climate change negotiator said in an interview on Monday.

Representatives from nearly 200 countries will gather in the French capital to begin talks aimed at thrashing out a new global deal to cut climate-warming greenhouse gases.

Xie Zhenhua, China’s veteran climate chief, told Reuters in an interview that he was confident there was now sufficient “political will” to secure a new deal, and that changes to the “design” of the talks would help avoid the failures of Copenhagen in 2009.

“No country wants the situation in Copenhagen to be repeated,” he said. “Letting heads of state try to resolve the problems rather than leaving it to the negotiators was an error in the design and it led to an error in the result.”

Xie said China proposed to the secretariat of the United Nations Framework Convention on Climate Change at an early stage to try to restrict the involvement of state leaders in order to ease the political pressures on negotiators.

“They can speak at the opening ceremony, express hope about how the meeting should go, and make requests to their delegations, but afterwards, the specifics need to be resolved by the delegations,” he said.

China has pushed rich nations to meet their commitments to mobilise $100 billion of financing per year to help poorer countries mitigate and adapt to rising temperatures, and the issue remained a fundamental part of upcoming negotiations, Xie said.

While some have urged China to contribute to the fund, Beijing remains adamant that the obligations lie with rich nations. Xie said China was “willing to help developing countries in accordance with our abilities” and had already set up mechanisms to help poorer countries finance their fight against global warming.

China, already believed to be the world’s biggest source of greenhouse gases, pledged last year to bring its emissions to a peak by “around 2030″.

But the country, which currently depends on coal for nearly two thirds of its total energy needs, has come under pressure after approving large numbers of new coal mines and coal-fired power plants this year. Hmmmm............Made in China thanks the 'Useful idiots' for their cooperation in killing their own economies.

Related: 

“It is of course, the global warming scam, with the (literally) trillions of dollars driving it, that has corrupted so many scientists, and has carried APS before it like a rogue wave. It is the greatest and most successful pseudoscientific fraud I have seen in my long life as a physicist.” Source.

New Alberta climate-change plans include carbon taxes for individual Albertans.

New Alberta climate-change plans include carbon taxes for individual Albertans. (NAPO).

While the plan doesn’t set greenhouse gas emission targets with dates, the entire climate-change policy puts Alberta on track to reduce emissions by approximately 20 megatonnes in 2020 compared to what would be the case if no changes were made, and 50 megatonnes by 2030.

It will also cut methane emissions from flaring and leakage by 45 per cent from 2014 levels by 2025. Methane is roughly 30 times more potent than carbon dioxide as a heat-trapping gas.

The plan was hailed by energy and environmental leaders as a “game changer” that will make Alberta a global leader in fighting climate change. But it will also require Albertans to pay 4.7-cents more per litre of gas at the pumps in 2017, and 5.5 cents more per litre of diesel, plus an extra $320 to heat their homes in 2017, rising to $470 by 2018. 

The $3 billion raised by these carbon taxes won’t go into government coffers, but will go back to Albertans through a rebate program and by building green infrastructure and public transit, the premier said.

— Alberta will phase out all pollution created by burning coal by 2030, and transition to more renewable energy and natural-gas generation. The province promises the plan will provide reasonable electricity prices for consumers and businesses.

— Within the next months, the government will set up a facilitator and negotiator to work with coal-plant operators to figure out how best to move forward, since the province’s 18 coal-fired electricity plants currently create 55 per cent of the province’s electricity.

— Two-thirds of coal-generated electricity will be replaced by renewables, mostly wind power.

— Renewable-energy sources will comprise up to 30 per cent of Alberta’s electricity production by 2030.

“Obviously, if I was the owner of a coal company, I would prefer that this announcement hadn’t been made, but we’re very committed to working with them in a collaborative way to ensure that they do not unduly bear the burden of the benefits that all Albertans will enjoy as a result of us phasing out coal,” Premier Rachel Notley said.

Meanwhile......In Germany

Coal resurgence darkens Germans’ green image

Germany generated 44 per cent of its electricity from coal last year, more than any other EU member state. That compares with 26 per cent from renewables and 16 per cent from its eight remaining nuclear plants.

Ms Merkel’s government had not reckoned with the power of the coal lobby. Plans this year to slap a levy on emissions from the dirtiest plants powered by lignite had to be abandoned after they met opposition from industry, unions and local politicians. This coalition, led by RWE, Germany’s second biggest power provider and the operator of most of the country’s lignite plants, said the levy would threaten 100,000 jobs in industrial regions and would push up costs to industry and consumers.

Meanwhile......In China.

China is building one coal-fired power plant every 7 to 10 days, while Japan plans to build 43 coal-fired power projects to replace its shuttered nuclear units.

Japan is financing $1 billion in loans for coal-fired plants in Indonesia and $630 million in loans for coal-fired plants in India and Bangladesh.[iii]

Japan is using climate finance funds for the projects since these new coal-fired plants are less polluting than older coal-fired plants and therefore qualify as clean energy. Japan believes that the promotion of high-efficiency coal-fired power plants is one of the “realistic, pragmatic and effective approaches” to deal with climate change.

China added 39 gigawatts of coal-fired capacity in 2014 — 3 gigawatts more than it added in 2013. That is equivalent to three 1,000 megawatt units every four weeks.[v] At the peak, from 2005 through 2011, China added about two 600-megawatt coal plants a week, for 7 straight years.

And, China is expected to add the equivalent of a new 600-megawatt plant every 10 days for the next 10 years. These new coal plants that China is constructing are more efficient and cleaner than their old coal-fired plants.[vi]

China consumes more than 4 billion tons of coal each year, compared to less than 1 billion tons in the United States and 600 million tons in the European Union. China surpassed the United States to become the largest global carbon dioxide emitter in 2007, and it is on track to double annual U.S. carbon dioxide emissions by 2017. By 2040, China’s coal power fleet is expected to be 50 percent larger than it is today and these power plants typically operate for 40 years or more.[vii] Hmmmm.......I'm sure these failed now 'Canadian liberal' policies will stop 'Global warming' (Sarc).

Related: 

“It is of course, the global warming scam, with the (literally) trillions of dollars driving it, that has corrupted so many scientists, and has carried APS before it like a rogue wave. It is the greatest and most successful pseudoscientific fraud I have seen in my long life as a physicist.” Source.

Video - Gavin McInnes: In PM Justin Trudeau, "Canada just elected an idiot"

Trudeau's plan: Create a Global warming carbon tax & replace a balanced budget with a $10 billion debt stimulus

Canada's Trudeau Promises A Kind Of Obamanomics-Lite. (IBD).

After nine years with conservative Stephen Harper in charge, Canada has veered left, electing liberal Justin Trudeau as prime minister. We wish him well, but fear his policies will drag the economy down.

The younger Trudeau, 43, is personable and movie-star handsome. With just a whiff of Barack Obama, he speaks of a Canada that will be "open and confident and hopeful." Those appear to be his qualifications.

Say what you will about Harper, he succeeded in steering Canada away from left-wing economic foolishness onto a path of responsibility.

A trained economist, Harper cut taxes, backed free trade, cut spending, created a budget surplus, reduced national debt, revived economic growth, avoided a U.S.-style housing crisis and deftly sidestepped much of the global warming nonsense that now hobbles the U.S. economy.

And during his years in office, Canada's middle class became the wealthiest in the world, surpassing the U.S. 

But what will Trudeau do? It's hard to say, since he mostly ran as the "I'm Not Stephen Harper" candidate.

But from recent speeches, it seems that Trudeau plans a kind of Obamanomics-lite. Specifically, while the budget now is balanced, Trudeau plans on a Keynesian "stimulus" of roughly $10 billion a year. Sorry, but government deficits don't create growth.

On climate change, Trudeau's party has favored a national carbon tax. That would be an economic disaster.

Americans should be concerned. Of our $2.3 trillion in global exports, more than 20% go to Canada. If its economy suffers, so will ours.

As we said, we wish Trudeau the best of luck. From what we see of his policy plans, he'll need it. Hmmmmm........Another 'Obamination' in the make. Read the full story here.

Canada Election Day - Seems Ontario had it's belly full of Liberal politics after........even not ONE Year.

Source

The Truth About #Trudeau… Increased national debt by 800% plus ran 14 straight deficits.. http://t.co/WUsnbDoObG #elxn42 #cdnpoli

— Jimbo R (@Jimbo679) October 16, 2015

#Wynne doesn't listen to #Ontario taxpayers #Trudeau won't listen to #Canada - they're #birdsofafeather pic.twitter.com/B6khImQAPO

— NoLibsPls (@NoLibsPls) October 19, 2015

An Open Letter to Trudeau and Mulcair- Why am I so worthless? @Joe_warmington https://t.co/Ef4CzNLz6k

— Nancy Henry (@nancyhenry_) October 19, 2015

#KeepItBlue #Ontario - #LPCCorruption are #birdsofafeather pic.twitter.com/geDHWWZouY

— Trixie (@TrixieFordGirl) October 19, 2015

Gagner au change | Le Journal de Québec http://t.co/gP26VOPOOn #polqc #fed2015 pic.twitter.com/Z6Ld5yNLMT

— Monica Henry (@chevymo) October 19, 2015

Scientist Confesses: "Global Warming a $22 Billion Scam" http://t.co/CQvXAmM3M5

— NoLibsPls (@NoLibsPls) October 18, 2015

This simple fact needs to be shared ... as a reminder ... #elxn42 #polqc pic.twitter.com/PqDy6Gk4Fv

— Monica Henry (@chevymo) October 12, 2015

Video - "From the heart": Justin Trudeau's Kumbaya economic policy?

A Liberal friend asked me, "Can you imagine this guy sitting across from Vladimir Putin and being taken seriously?"