February 19, 2016

Another NDP casualty: TransAlta puts Alberta investments on hold pending “clarity” on climate policy

Sheila Gunn ReidRebel Commentator
 

Electricity giant TransAlta is withholding all of their Alberta investment citing Alberta’s climate policies.

Way back in October 2015,TransAlta announced they were putting their new state of the art Sundance 7 natural gas electricity generation plant west of Edmonton, on hold.

TransAlta CEO Dawn Farrell said at the time “We need a clear government policy framework for gas...Simply moving greenhouse gas risk from coal to gas is not helpful to our shareholders.”

She went so far as to call Alberta “a difficult operating environment”.

Now, four short months later, TransAlta is withholding all Alberta investment. All of it. They’re done with us for now and who could really blame them? This couldn’t come at a worse time. All that withheld investment is also withheld job creation when Albertans need it the most.

TransAlta is once again blaming the NDP policies, in particular the cost of the uncertainty of the NDP’s coal phase out. TransAlta found out in November 2015 that all Alberta coal fired power plants would have to be shut down or become emissions free by 2030 as part of the NDP’s climate policies. Coal power companies are looking for compensation for the early shutdown of their often multibillion dollar facilities.

A negotiator who would determine compensation was supposed to be in place by January and now, in the latter half of February, there is still no one appointed.

TransAlta CEO Dawn Farrell speaking out again. She said, “We cannot make any major investment decisions in this market until we have more clarity around the policy environment and the policy recommendations turn into actual law and we know what the market is actually going to be like.”

Why would anyone do business here? Our government is trying to rewrite our entire economy to suit their own green agenda at such a breakneck speed that they can’t even meet their own self imposed timelines.

The climate policy framework in Alberta is a garbage fire. Just like the economy.

Comments
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commented 2016-02-20 17:04:18 -0500
Moral of the story….
Never elect eco-nuts. They are irrational.

Their modus operandi is to destroy real economies for their imaginary, unrealistic utopia.

@climatefallacy
commented 2016-02-20 16:54:15 -0500
I curse that blonde headed witch more everyday!
commented 2016-02-20 14:22:06 -0500
When Notley introduced her so-called Climate – aka Carbon Tax – Leadership Plan in November 2015, the plan won plaudits from powerful oil executives (representing, for example, Suncor, Cenivus, CRNL) along with environmental groups. Even, at that time passing approval by Dawn Farrell, CEO of TransAlta Corp., Canada’s largest coal-fired power generator: “What’s critically important is that the Premier has committed to an orderly transition that ensures system reliability and price stability for our customers, given that it is now certain that coal-fired generation will be phased out by 2030, and that the province’s policies will not unnecessarily strand capital. This is a positive, timely and important step forward. We are looking forward to working with the government-appointed negotiator to achieve these objectives.” “This is a positive, timely and important step forward”? Really?
commented 2016-02-20 13:49:43 -0500
“William Collins commented 27 mins ago
I contest NATHAN W has officially drunk the Kool-aid if the only facts he can site are Wikipedia or Soros sponsored websites.”

One possibility William. Another is that Nathan is a junior operative in the Non-Democratic Party. I noted that Michael Mann went silent about the time the NDP figured it had Rebel’s number. But now that has proven to not be the case, someone with the same on-line language usage and style as Mikey is commenting. Coincidence?
commented 2016-02-20 13:24:53 -0500
This is the globalist taking us over!
commented 2016-02-20 13:20:38 -0500
Regarding Sheila’s closing remarks, “The climate policy framework in Alberta is a garbage fire. Just like the economy.”

How ironic that that burning garbage is pretty much banned in Alberta now for nebulous environmental reasons. Consequently we have to smell the stench of the Non-Democratic Party’s climate and economic policies as they rot from the inside out. I good cleansing fire would be refreshing.
commented 2016-02-20 13:17:24 -0500
I contest NATHAN W has officially drunk the Kool-aid if the only facts he can site are Wikipedia or Soros sponsored websites.
commented 2016-02-20 11:57:26 -0500
Its crazy what Ontario pays for power. In a resource country like ours it is criminal. Now the stage is being set for Alberta’s rape and pillage. Time to cut another cord of wood, and buy another generator. Go off grid as much as possible. Get out of the city.
commented 2016-02-20 10:56:51 -0500
CANADIANS FIRST !!! COME ON CANADA ECHO IT FROM SEA TO SEA !!!
commented 2016-02-20 10:56:51 -0500
CANADIANS FIRST !!! COME ON CANADA ECHO IT FROM SEA TO SEA !!!
commented 2016-02-20 10:55:10 -0500
Thanks to all the people on this site with brains and common sense for replying about my comments . Its nice to know I am not alone !
commented 2016-02-20 10:29:56 -0500
That’s a good one Ron C.!!! It’s easy putting up with the TROLLS on this site, not so easy with the ones running our country. But then again it probably is these trolls on this site that put those looser lunatics into power – that’s a frightening thought!
There has to be some kind of accountability held to the TruDopes & Nutleys of our time?!?
If anyone of us run our companies / personal business with the irresponsible attitude that these lunatics run our governments we’d be behind bars, never mind bankrupt!
commented 2016-02-20 10:20:11 -0500
If you are left handed im sure that these morons would like a reach around !
commented 2016-02-20 10:07:58 -0500
To Nathan W . Are you left handed ?
commented 2016-02-20 10:04:23 -0500
To Nathan W Comments , so is farming , coal mining , power generating , small business and big business a boom and bust too ? NO FOOD for you ! lmfao
commented 2016-02-20 10:04:20 -0500
To Nathan W Comments , so is farming , coal mining , power generating , small business and big business a boom and bust too ? NO FOOD for you ! lmfao
commented 2016-02-20 09:59:47 -0500
How many people will it take to storm parliament to get her to resign?
We have to do something.
commented 2016-02-20 09:47:32 -0500
Bravo Zulu – “Media suppression”

They are private businesses. They will sell the news they think you want to read, and alternatively on occasion owners give the editorial board explicit directives. Recall that the very same media you accuse of being “Bought and paid for by the federal government” almost universally endorsed the Conservatives in the last election.

Ron Christensen – oil is a boom and bust industry. If you don’t like it, get out of oil, don’t blame the politicians. Boom and bust is the nature of the game you play.

Victor Adams – CO2 is a greenhouse gas (https://en.wikipedia.org/wiki/Greenhouse_gas). We are emitting greenhouse gases to the tune of 10,000 million metric tonnes per year (http://www3.epa.gov/climatechange/ghgemissions/global.html). This is only a little more complicated than CO2. They question is not IF global warming, but HOW BAD and SHOULD WE DO ANYTHING?

Rebelation – “Notley has never came out and accused you of false information”

Based on the “no press is bad press” principle, I doubt Notley wants to draw attention to you guys. Just like GWB never denied anything from Farenheit 9-11, but this does not therefore mean that all of Michael Moore’s innuendo was true.
commented 2016-02-20 09:44:03 -0500
This comment is for all you MENTAL MIDGETS that voted for the LIEBERALS and NAZI SPEW , what are you going to say when all the tax money is gone and your children , grandchildren and great grandchildren are paying for the Trillion dollars that these idiots borrowed ? I hope you all choke on your stupidity and insanity ! I wont pay a dime of income tax until these for mentioned traitors are out on their asses ! I can grow and raise my own food so tax that that you MORONS ! And when you are starving and come to me for food I will spew you out like the verbal diarrhea coming out of the mouths of the people that you elected ! But I will give food to all the people that never voted for these insane idiots ! Choke on that .
commented 2016-02-20 09:38:42 -0500
No misinformation or misleading innuendo. More of this please.

Policy uncertainty is always bad for investment. Clarity must be achieved soon.
commented 2016-02-20 09:31:09 -0500
Any mainstream media coverage on this?

Nope

Media suppression – Bought and paid for by the federal government – getting to be as bad as it is in Europe
commented 2016-02-20 09:08:14 -0500
Just obtained a new bumper sticker which says “Notley – Destroys – Province”
Great one, she and the rest of her NDPiggies are a disgusting horrible government. Must be forced to resign, they are not worthy of being Albertans let alone Canadians – surely Putin of Russia would take them as refugees.
commented 2016-02-20 04:32:14 -0500
Keep pounding Notley into the dirt until she squeals like a pig – a nazi pig. And she will.
commented 2016-02-20 01:24:27 -0500
Boy, I sure feel for you Albertans.
Roy C. Your comment is full of passion & it’s so sad & shameful how Notley is dumping on Alberta. She’s a traitor to her province just like Trudeau is to Canada. They both deserve to be chased out of Canada never to return. The more I look at her the more she reminds me of the Wicked Witch of the West with that long pointy nose of hers.
commented 2016-02-19 23:45:48 -0500
I agree with all prior comments below times 2 . My family has lived in Alberta for over a hundred years , they broke the land for farming and paid taxes from the beginning just as every Albertan family had done at that time . They fought in WW2 and died for Canada and Alberta and they are my HEROES and I am proud of their hard work and bravery ! To watch these ass clowns that are in charge of this province and country and the people that voted for them to ruin it is total ignorance and outright stupidity . Example , there are people in Alberta that will lose everything they worked hard for and all that Justine and Nazi can do is bring in refugees and make stupid people look smart ! Even a blind squirrel finds a nut once in while ! What is their excuse for not even being able to find a nut to grasp . These two so called leaders couldn’t even organize a BJ at a c—k suckers convention let alone run a country and province ! They should be held accountable for destroying this great province .
commented 2016-02-19 23:40:49 -0500
Sheila – What the NDP are doing to Alberta is not “silliness” = its INSANITY! To stop the green insanity being pushed by the NDP, you have to destroy their reason de etre’ = the hoax of Anthropogenic Global Warming and the myth that CO2 is causing it! Destroy the myth = destroy the hoax = stop the green insanity! Get background data from Dr. Tim Ball, Dr. Patrick Moore or Climate Depot or CFACT all of whom debunk the idiotic idea that CO2 is a Villain or cause of AGW or a pollutant! The Achilles Heel to the AGW hoax is the very backbone of the green insanity = CO2. If CO2 is not the villain why do we need a carbon tax? If wind and solar power are to reduce CO2 as a GHG and CO2 is not a problem why do we need these insane alternatives to coal and gas? If Alberta is ever going to survive we have to debunk the ideology driving the NDP toward the Green FAIL that Ontario has wasted $Billions in boondoggles and bankrupted that once engine of Canada! Destroying the CO2 myth has to be the focal point and the rest will fall behind it!
commented 2016-02-19 23:04:49 -0500
Of course the progressive fools will say it is not the NDP even after the company says that is the reason.
commented 2016-02-19 21:10:19 -0500
i can say one thing, out of the lesson we have learned here with the NDP Alberta would probably separate from confederation if they ever got elected federally. all this shit we are seeing right now is priming us for that to happen. i think the only reason why the NDP even got elected is because there was a lot of easterners from Toronto area out here for the jobs, then the oil prices started to fall then they added insult to injury by kicking us in the ass by voting the NDP before they all fucked off back east laughing at us all the way there. those cock suckers always wanted to kill this province for a very long time. if there was ever a need for a civil war it is now.
commented 2016-02-19 20:01:05 -0500
I didn’t vote NDP or Liberal (thank God!).

It’s time for Canadians to find a way to get these leftie retards out of office and get someone in these positions that actually have a brain and are willing to LISTEN to Canadians.

Just because you say you’re with the NDP or Liberals doesn’t mean you know what’s best.

The NDP and Liberals have got to go!