Site C Case Study

For example, my father went solar two year ago in my home country. He reduced his electricity

BC Hydro is a provincial Crown corporation and one of the largest electric utilities in Canada. It is owned by the B.C. government and the people of B.C. Victoria Gas Company was founded in 1860, starting the B.C. Hydro legacy. There mandate is to generate, purchase, distribute and sell electricity (Regulatory Information, 2017). Over the next twenty years, electricity demand will continue to grow by approximately 40 per cent. Therefore, BC Hydro is proposing the Site C project. The Site C project is favorable to our society because it is beneficial to the British Columbia (BC) economy, it is the most efficient option to improve electricity supply and it has the least environmental effect.

In 2007, Canada’s industries saved 2.1 billion U.S. dollars of energy costs (2007). All these numbers show Canada’s efforts in general public utilities.

- Will spend $100 million to end power generation using diesel in various communities in Northern Canada

Canada has the potential to be a “sustainable energy superpower” due to the vast amount of resources it contains. It has a large landmass and diversified geography which can be used to produce renewable energy from such resources; watermill, wind, biomass, solar, geothermal, and ocean energy. Renewable energy is energy obtained from natural resources that are able to be naturally replenished within a human lifespan (Natural Resource Canada, 2014). Currently, fossil fuel burning is the major source of energy in Canada and although it can be re-used, the process is so long that it is considered to be non-renewable. Also, fossil fuel burning for coal, natural gas, and petroleum gas pollutes the environment with greenhouse gases on a large scale, causing global warming. Non-renewable energy is taken from sources that re available on Earth in limited quantity, likely vanishing within fifty to sixty years from today (Conserve Energy Future, 2014). Thus, it is important for Canada to invest their money on resorting to more environmentally friendly and renewable ways to make electricity. Being a developed country, Canada has the financial stability to purchase the technologies over time in order to produce renewable energy. In addition, many organizations and the government have taken a step to educate the society about issues regarding energy usage, and to create programs which conserve energy for the future. In the future generations, Canada will be able to generate sufficient

To look profoundly, we all know that the price of gas and oil in our society is very high that will eventually be exhausted, maybe after a few years later. It enables us to think about the perennial sources and enhance our trying to exploit them. By funding projects, the government can make it easier to unravel baffling hard issues sooner and provide a serene lifestyle for people. Impartially speaking, sun and wind are both free energies that have existed since the beginning of the world. This is a heavy burden on the shoulder of scientists to pave the way of using these environmentally friendly

The MetaMethane Project will promote the economical and sustainable development of BC’s shale gas resources from both industrial and regulatory perspectives. These outcomes are aligned with multiple BC Government Priorities, including 1) the Innovative Clean Energy Fund, 2) The BC Jobs Plan (Natural Gas), 3) The BC Energy Plan (Oil & Gas), 4) BC’s Natural Gas Strategy, and 5) research and innovation priorities described by the Ministry of Technology, Innovation and Citizen’s Services.

This is not only a benefit to the environment, but it also benefits the shareholders as a more efficient company will turn a better profit. Suncor has made it a goal to improve energy efficiency by 10% by 2015. To do this is had focused on developing technologies to increase energy efficiency and recapture. Carbon capture and storage (CCS), Integrated CO2 Network (ICO2N) and CO2 Capture Project (CCP3) are all developed policy and technology projects that have been deployed throughout the Suncor organization. Suncor is also taking a leadership role in Carbon Management Canada (CMC). Suncor is revisiting future growth project designs to evaluate GHG reduction opportunities. Suncor is also participating in advanced research on GHG abatement technologies through CMC, ICO2N, CCP3 and other groups.

In contrast, some believe that renewable energy is a key factor involved in helping the economy to grow. Many jobs are created in the manufacturing and running of renewable energy plants. The renewable energy and energy efficiency technologies created 8.5 million new jobs and $970 billion in revenue in the year 2006 (Langwith, “Renewable Energy is Economically”). The American Solar Energy Society says by 2030 it could generate up to $4.5 trillion in revenue for the U.S and create 40 million new jobs. This would represent one in every four jobs (Langwith, “Renewable Energy is Economically”). This shows how vital it is to get renewable energy companies in the U.S. It is important to build a stable economy again and do it all while helping the environment.

“The board of BC Hydro committed to more than 135 contracts with an average term of 28 years. And while power generated by BC Hydro’s heritage assets cost $32 per MWh, power from IPPs cost $100 per MWh. Today these contracts represent future financial commitments of over $50 billion.”

Lastly, we compared the after tax flow the Do Nothing option. By evaluate the present cost of electricity of 42 homes, we used the Depreciation rate over 20 years to compare it to the other two options. After finding our taxable income, and income taxes, we were able to find the after tax cash flow. Similar to solar panels, and wind turbines, the do nothing option shows that electricity will increase over 20 years. But, unlike the renewable energy options, there is solely one benefit which is that it is the cheapest and most economically viable option. Unfortunately, it is not the most environmentally friendly option.

Cost of electric bill are one of many problems that home owners face, and Stable energy prices is one of the ways renewable energy can provide people. Once the renewable energy equipment/product is installed, which for sure will cost money, but think of it as an investment and not a waste. Once installed they operate at low cost saving many people money. I can tell you a step by step way people can install a solar power system, shown by MERTZ ESSWEIN and PATRICIA. The cost would be, the typical home system has 6 kilowatts of generating capacity, which costs about $21,400 to install before any financial incentives and the 30% federal tax credit. In return the savings would be, you can

Ontario is looking to partner with First Nation communities to ensure a transition to non-fossil fuel energy that will minimize the impact on the communities. This can potentially be done through investments in energy efficiency, micro-grids and renewable energy. Remote communities will be connected to the provincial electricity grid through the partnership of the federal government and First Nations. Renewable energy such as biomass, solar and waterpower will be the focus of the projects. A fund will be established for community-level greenhouse gas pollution reduction projects and for community energy and climate action planning. Jobs will be established among post-secondary institutions that are low-carbon along with training partnerships. This initiative

Readings included: “Making Choices: Reviewing Ontario’s Long-term Energy Plan”, “The Development of Renewable Electricity Policy in the Province of Ontario: The Influence of Ideas and Timing”, “The Politics of Renewable Energy Policies: The Case of Feed-in Tariffs in Ontario, Canada”, “Energy, Economic and environmental discourses and their policy impact: The case of Ontario’s Green Energy and Green Economy Act”.

All MOU parties must work harder to ensure there are opportunities for the clean energy sector in BC.