Canada generates nearly 80% of their power from clean sources. The problem is that nuclear and hydro are not view as renewable.

1. Power Generation
Paul Young CPA CGA
April 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
• Canada and Power Generation
• France and Renewable Energy
• Issues with renewable technology
• Molten Salt Power Generation
• Blog Coal vs Environment
• Blog – Solar Panels

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. 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

7. 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/

8. Blog – Power Generation – Molten Salt
• Source - https://www.nextbigfuture.com/2019/05/seaborg-molten-salt-reactor-will-fit-on-a-truck-and-cost-less-than-coal-
power.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
• https://www.cfo.com/the-economy/2019/05/iea-warns-of-climate-risk-if-nuclear-capacity-drops/?utm_campaign=CFODailyAlert&utm_nooverride=1&utm_source=CFO-
email&utm_medium=email&utm_content=CFODailyAlert_Wednesday_2019-5-29&utm_term=the-economy
• Molten Salt Funding - https://www.greencarcongress.com/2019/06/2019602-moltex.html
• “In 2016, the market of Asia-Pacific was valued at nearly $3.3 billion followed by Europe with $2.5 billion, North
America with $2.1 billion and RoW with 0.3 billion. During the forecast period from 2017 to 2022, North
America, Europe, Asia-Pacific and RoW are expected to grow at a CAGR of 10.8%, 11.0%, 11.6% and 9.5%
respectively. In 2016, of all the molten salt reactor nuclear fuel types, thorium dominated the overall market
with a share of 57%, followed by uranium with a share of approximately 30%. Molten salt reactor has the
potential for delivering safer nuclear fuel, thereby transforming the world energy production into a sustainable
and cleaner method for the production of electricity at a competitive market price
”https://www.globenewswire.com/news-release/2018/10/23/1625333/0/en/Molten-Salt-Reactors-to-Play-
Major-Role-in-Global-Energy-Supply.html

9. Blog – Solar Panels
• https://www.canadianmanufacturing.com/environment-and-
safety/southern-alberta-city-pulls-plug-on-13m-solar-power-
project-233114/
• “The answer, unfortunately, was no, as the project’s small and
unreliable contribution to the community’s power needs didn’t
justify the cost of maintaining its rows of mirrors and pipes through
snowy winters and dusty summer days, he said.”
• @cathmckenna projects need to be viable!

10. Coal
Production
Source - https://www.reuters.com/article/us-china-economy-output-coal/china-june-
coal-output-hits-record-high-as-miners-ramp-up-ahead-of-summer-idUSKCN1UA07O
Here is what I told the Liberals:
Dear Sean Fraser,
It would be nice if we stop looking at ways to tax the environment as way to subsidized clean
technology. Clean technology needs to be viable without direct govt subsidies.
1. Gasoline prices - https://www.slideshare.net/paulyoungcga/2019-election-anatomy-of-gasoline-prices-
canada-july-2019 (higher fuel prices will lead to higher consumer prices)
2. Failed Green Agenda / Ontario - https://www.slideshare.net/paulyoungcga/fail-green-agenda-ontario-
july-2019 (Clean technology needs to viable without direct government subsidies)
3. Climate Change / Environment - https://www.slideshare.net/paulyoungcga/2019-election-climate-
change-and-the-environment-canada-june-2019
4. No evidence of man-made climate change - https://www.rt.com/news/464051-finnish-study-no-
evidence-warming/?fbclid=IwAR2NafsrKwH2v3lAq9PQLcU9762TSEDslFgTRu7c37vNDj2QlnxfUsO89fs
5. Court cases - https://www.msn.com/en-ca/news/politics/pei-quebec-intervene-in-saskatchewans-
legal-challenge-of-carbon-tax/ar-AAE2dXZ?ocid=spartanntp
6. Water - https://www.cbc.ca/news/indigenous/attawapiskat-water-quality-emergency-
1.5204652?fbclid=IwAR2IniKPVIPBrVE68WybAX_-M5qVLw_HOOErVlfuAQrswT8gv62_ab8XL48
7. Truth of Climate Change/Science - https://www.youtube.com/watch?v=JYQ6eZDXXRE
8. GDP for 2019 could be 1.4%. Trudeau never had the answers for GDP -
https://www.slideshare.net/paulyoungcga/2019-election-jobs-gdp-consumer-spending-housing-
canada
9. Trudeau failures - https://www.slideshare.net/paulyoungcga/justin-trudeau-and-liberals-success-or-
failure
10. Clean Technology - https://www.slideshare.net/paulyoungcga/2019-election-clean-technology-and-
climate-canada-june-2019 (Clean Technology needs to viable with direct subsidies)
Trudeau policies are hurting coal
production
https://www.cbc.ca/news/canada/calg
ary/alberta-oil-gas-coal-wind-power-
halkirk-1.5194320

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 or https://www.slideshare.net/paulyoungcga/2019-
election-climate-change-canada-june-2019
• We need to stop blaming CO2 for all the issues facing the planet -