UPDATED: From The Mound Of Sound: A Basis For Optimism

The Mound writes:

Hi Lorne. I spotted this article in the ‘comments’ section of The Guardian. It’s been a while since I heard anything this encouraging on the climate change front:

It’s something akin to an epidemic. In the Australian state of Queensland, solar power has become cheaper than coal-generated electricity. In fact, solar power would be less expensive than burning coal if coal was somehow provided free. Writing in The Guardian, Giles Parkinson explains Australia’s rooftop solar revolution.

“Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day.

“For several days the price, normally around $40-$50 a megawatt hour, hovered in and around zero. Prices were deflated throughout the week, largely because of the influence of one of the newest, biggest power stations in the state – rooftop solar.

“’Negative pricing’ moves, as they are known are not uncommon. But they are supposed to happen at night, when most of the population is mostly asleep, demand is down, and operators of coal fired generators are reluctant to switch off. So they pay others to pick up their output.

“That’s not supposed to happen at lunchtime. Daytime prices are supposed to reflect higher demand, when people are awake, office buildings are in use, factories are in production. That’s when fossil fuel generators would normally be making most of their money.

“The influx of rooftop solar has turned this model on its head. There is 1,100MW of it on more than 350,000 buildings in Queensland alone (3,400MW on 1.2m buildings across the country). It is producing electricity just at the time that coal generators used to make hay (while the sun shines).

“The impact has been so profound, and wholesale prices pushed down so low, that few coal generators in Australia made a profit last year. Hardly any are making a profit this year. State-owned generators like Stanwell are specifically blaming rooftop solar.”

Parkinson explains that even if coal was free, the energy providers would still have to charge 19 cents per kWh to cover grid costs and overhead whereas rooftop solar is achieving costs of 12-18 cents per kWh and is expected to come down as low as 10 cents per kWh. The forecast is for solar to be installed in 75 per cent of houses and 90 per cent of corporate buildings by 2023.

King Coal still has bags of influence with the neo-conservative Abbott Government and the industry is doing what it can to staunch the spread of solar rooftop power. Fortunately the fossil fuelers and their political minions are waging a battle that’s already lost.

UPDATE: I thought I should update this with an item I found at the Sydney Morning Herald discussing how Australia's rooftop solar dynamic is leaving conventional electricity providers facing a death spiral.

Your Monday Morning Smile

An editorial cartoonist captures a Heritage Moment nicely:

Not So Hard To Understand

This morning's Star reports the fact that Canada's sesquicentennial in 2017 is eliciting something less than enthusiasm from the majority of Canadians living outside of Alberta:

Albertans are far more excited than other Canadians about the looming 150th birthday of the country in 2017, a new poll has found.

A full 70 per cent of Alberta residents intend to take part in the 150th celebrations — much more than the 58 per cent of Ontarians or 31 per cent of Quebecers who said they planned to participate, says the poll, which was carried out by Leger Marketing for the Association for Canadian Studies.

The article goes on to posit possible reasons for the results:

- It could ... be that Albertans are feeling good about the country because of the booming economy in the province, or that one of its own, Calgary MP Stephen Harper, is Prime Minister.

- Only half of the poll respondents in Manitoba, Saskatchewan and the Atlantic provinces and only 56 per cent of those in British Columbia had any plans to celebrate the 150th.

- The poll found that only about two in three Quebecers claim some attachment to Canada

Perhaps there is a simple reason for the lukewarm enthusiasm in most parts of the country: the Canada that we have traditionally known and revered has been rapidly disappearing under the eight years of Harper rule we have been subjected to.

A litany of 'reforms' aimed at stripping away our traditions of civility, generosity, kindness and concern for the collective isn't necessary here. Most of us who follow politics are well-acquainted with them. However, a letter in today's Star captures, I think, one key element in the Harper plan to remake Canada in his soulless image: the silencing of dissenting voices:

Re: Stephen Harper's cowardly silence speaks volumes, June 28

The Harper government’s mealy mouthed response to the outrageous incarceration of journalists by the Egyptian court is understandable. This government is doing everything it can to silence those organizations trying to inform the public about its own outrageous activities.

It is doing its best to destroy the CBC. It has muzzled government scientists. It eliminated funding to human and women’s rights organizations both of which exposed the callous nature of some of its policies. It has tried to destroy unions on behalf of its corporate supporters.

Now it is using Canada Revenue Agency to undermine the activities of charitable organizations such as Amnesty International and the David Suzuki Foundation. By submitting them to long, drawn-out audits they are hampering the work of these organizations by taking up their time and money.

Its record regarding the public’s right to information is disgraceful. This government is spending an additional $7.2 million on top of the $8 million in the budget to harass these organizations because they expose the anti-democratic actions of the government.

Terminating the Parliamentary Budget Officer is an excellent example of how the Harper government is doing everything it can to end transparency.

Bill Prestwich, Dundas

All in all, not much to celebrate domestically these days.

Believe It Or Not

Readers of a certain age will remember an erstwhile popular feature carried in many newspapers, Ripley's Believe It Or Not. Each day we would be invited to view a vignette depicting something bizarre or outrageous that frequently strained credulity:



Were it still publishing such tales, I would offer the following for Ripley's consideration:

A $30,000 donation by TransCanada Corp. to the Northern Ontario town of Mattawa comes with a condition attached — an apparent vow of silence on TransCanada’s business activities.

One of the clauses in the agreement says this:

“The Town of Mattawa will not publicly comment on TransCanada’s operations or business projects.”

Commenting on TransCanada’s business is a sensitive point, as the company has several controversial pipeline projects on the go, in addition to Energy East.

According to Mattawa mayor, James Backer, TransCanada offered the town $30,000 toward a new rescue truck, if it agreed to provide services. (The pipeline runs just outside the town's boundaries.) It was all quite innocent.

But wait; there's more!

The ever-beneficent pipeline giant says that it is all just one big misunderstanding, and that the clause was inserted to protect municipalities from stress:

TransCanada spokesman Davis Sheremata said the no-comment clause was inserted to protect town councils from feeling pressured to support TransCanada projects elsewhere.

“In recent years, we have found that communities we enter into partnerships with have at times been targeted by opponents of our projects in Canada and the United States, and have felt pressured to make public statements on our behalf in support of projects not related to them and sometimes located thousands of miles away,” he said.

“The language in the agreement was designed to prevent municipalities from feeling obligated to make public comments on our behalf about projects that did not impact them and about which they had no experience or knowledge.”

“If the Town of Mattawa or any other municipality expressed a concern that the contract would in any way have limited their ability to take part in a full and open discussion about the Canadian Mainline or Energy East, we would have removed it,” he wrote.

As Ripley's used to say, "Believe it or not, folks."

Andrea Horwath: Her Smugness Takes A Hit

The other day, while watching some reactions to the Ontario Throne Speech, I couldn't help but note a truculent and smug Andrea Horwath, the leader of an NDP party now diminished by her foolish decision not to support a progressive budget, thereby triggering an election that few wanted. She opined that the now-majority Liberal government will have to make massive cuts in order to balance the budget by 2017-18. Indeed, she called the speech a Trojan Horse plan.

Who knows? She may be right, but the fact that she gambled and lost the leverage her party enjoyed in the legislature thanks to her decision to go for the brass ring of power has weakened considerably both her credibility and stature among voters. Perhaps this helps explain these results published in today's Star:

One third of Ontarians think NDP Leader Andrea Horwath should resign in the wake of her recent provincial election defeat, a new poll has found.

The poll, conducted by Forum Research, found 35 per cent believe Horwath, who triggered the election by announcing her party would no longer prop up the minority Grits, should step down as leader, while 43 per cent felt she should stay on and 21 per cent had no opinion.

In terms of personal approval, Horwath has dropped to 28 per cent compared to 41 per cent for Wynne. Last August, Forum found the NDP leader at 50 per cent and the Liberal premier at 36 per cent.

Lorne Bozinoff, the president of Forum, noted that the party got nothing out of Horwath's ill-considered decision to force the election:

They don’t have any more seats than they had going into the election and they lost control of everything,” the pollster said, referring to the NDP’s loss of the balance of power in a minority legislature.

“She took a real hit with the whole election thing and not supporting the budget. It just didn’t go well and I think she really did alienate some of her own supporters, the progressives”.

The article also notes the mandatory review Horwath faces in November, where tradition demands that she get at least two-thirds support from the delegates.

Will she meet that criterion? The NDP has few bright stars in its stable, and considering the real possibility that the Progressive Conservatives will pick a female leader (Christine Elliot is the early favourite), it is unlikely that the NDP will pick a male replacement. The only viable alternative, it seems to me, would be Cheri DiNovo. Currently the MPP for Toronto's Parkdale-high Park, she is a United Church Minister and much more a traditionalist when it comes to NDP progressive values.

So it would seem that the party has some intensive soul-searching to do leading up to the November review.

Lest We Forget

While the right wing is all atwitter over Moody's reassessment of Ontario's debt from stable to negative, it is perhaps a propitious moment to highlight a few inconvenient facts about the credit rating agency:

As recently reported in The Huffington Post,

Moody's Corp and Standard and Poor's triggered the worst financial crisis in decades when they were forced to downgrade the inflated ratings they slapped on complex mortgage-backed securities, a U.S. congressional report concluded on Wednesday.

In one of the most stark condemnations of the credit rating agencies, a Senate investigations panel said the agencies continued to give top ratings to mortgage-backed securities months after the housing market started to collapse.

Why did they commit such fraud? Greed is the simple answer.

As explained by Global Research,

S&P and its main competitor, Moody’s Investors Service, played a critical role in the vast edifice of financial speculation and fraud that came crashing down following the bursting of the housing bubble in 2007.

S&P, Moody’s and Fitch Ratings are all private, for-profit companies. As previous US government investigations have documented, S&P and Moody’s made huge profits between 2004 and 2008 by landing contracts from Wall Street banks to rate residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs), which were assembled by the banks from home loans and sold to other financial institutions and investors around the world.

Greed and self-interest drove credit rating agencies to misrepresent the quality of the derivatives that ultimately resulted in the housing collapse that triggered a worldwide recession:

Wall Street drove mortgage lenders to sell high-risk, high-interest subprime home loans to people who could not afford them, bought up the loans from the mortgage companies, bundled them into RMBS and CDOs, and sold off these toxic investments, making massive profits in the process. The entire US and global financial system was infected as a result by what was, in essence, a vast Ponzi scheme.

While US bank regulators looked the other way, the credit rating firms facilitated the fraud by giving triple-A ratings to RMBS and CDOs backed by mortgages they knew were headed for default.

The credit rating firms had a financial interest in inflating the ratings on RMBS and CDOs, since they were paid by the banks whose securities they were rating.

So I can perhaps be pardoned for finding it hard to take a corrupt Moody's seriously when it warns about Ontario's debt. It lost its credibility when it destroyed the lives of millions of people, sacrificing its fiduciary integrity for Mammon. And yet strangely, one is hard pressed to find such reminders of corruption in our domestic press. I wonder why?

Disingenuous At Best, Hypocritical At Worst

To listen to post-election Ontario Tories and to take them at their word would suggest that the lot of them were simply dupes of Machiavellian forces over which they had no control. Up to and including the day of the election, they all appeared to be solidly behind their leader and his plans. After their abject failure to win the hearts and minds of Ontarians, that narrative quickly changed, most notably in Lisa MacLeod's disavowal of both her leader and his program.

The latest exercise in what many would describe as arrant hypocrisy was evident in newly-appointed Tory interim leader Jim Wilson's public musings yesterday:

Coming from a former cabinet minister during the savage Mike Harris years, Wilson's disavowal of both tactics and tone are a little hard to take seriously. Consider this statement:

... the party has been “attacking people for a decade and in my heart and my caucus colleagues heart we not that kind of people . . . we are going to be Progressive Conservatives.”

Not that kind of people, eh? Well, perhaps Mr. Wilson could tell us exactly what kind of people enthusiastically put forward their names to run as candidates for a party that thrives on division, whether the attacks it has so wholeheartedly embraced over the years have been directed against teachers, union bosses, the Rand formula, civil servants and their 'gold-plated pensions,' progressive taxation, etc. etc. ad nauseam.

And while we're at it, he might also address what kind of people, as soon as they are denied power, so openly and ignominiously turn on their erstwhile leader? To be sure, young Tim Hudak was never fit to lead the province, but that apparently was never obvious to his many 'loyalists,' who unsheathed their knives with such unseemly dispatch as soon as the direction of the political winds became apparent to them.

What kind of people are the Progressive Conservatives, Jim? Allow me to try to answer that. They are opportunistic, cynical people who, now frustrated because of a failed strategy, are desperate to reinvent themselves into a party of inclusion and sensitivity. In other words, since all else has failed, they have decided it is time to try that 'sincerity thing.'

Trouble is, Jim, people can spot insincere sincerity a mile away. Next strategy, anyone?