I'm not sure that oil is Canada's only economic hard power, but it has to be our largest:
“To effectively use oil, Canada’s only economic hard power, Carney needs to get not just one, but two pipelines built,” said Adam Waterous, chief executive of Calgary’s Waterous Energy Fund, a major oil sands investor.
It's hard to imagine a more strategically important investment for Canada. Right now, virtually all of Canada's oil exports go to the US. That gives us zero leverage. We are price takers! To correct this, we need to diversify our customer base. And the only way we do that is by building pipelines to our coastlines and then selling to the rest of the world.
But beyond shoring up our economy, I'd argue that this is also the way we accelerate decarbonization. Here's the plan: We get rich, and then reinvest the profits into renewable energy, the world's largest sovereign wealth fund, and critical nation-building infrastructure like housing, transport, and education.
Oil and gas profits won't last forever. This is about building for that future.
Cover photo by Chris Liverani on Unsplash
Data centers require electricity.
And as we have talked about before, total electricity consumption by US data centers is forecasted to reach somewhere between 6.7 - 12% of total consumption by 2028 (figure from the US Department of Energy). Last year, Goldman Sachs also estimated that data center power demand would grow 160% by 2030.
I kind of wonder if these numbers might be understated — given our current AI bubble — but whatever the case may be, we're going to need a lot more electricity going forward. There's no such thing as a wealthy, low-energy nation.
Given all of this, I'm struggling to understand why the US would move to cancel what would have been the largest solar project in North America. Esmeralda 7, which was to be located on 62,300 acres of federal land to the north-west of Las Vegas, was expected to be a 6.2 gigawatt project — enough to power nearly 2 million homes.
Instead, the Department of the Interior seems to be determined to accelerate fossil fuel projects, and help China maintain its clear dominance in renewables. I guess that makes sense in some world if you think renewal energy projects are a "
New World Wind is a French company that makes something known as wind trees. These are trees that come in a few different models and produce renewable energy using 36 micro-turbines shaped like leaves (their Aeroleaf technology). There is also the option of supplementing these turbines with solar panels.
According to New World Wind, one wind tree can produce enough electricity to cover 80% of a typical French households' annual consumption needs (excluding heating) or about 100 m2 of office space. And on top of this, for every wind tree, the company goes out and plants 10 real ones.
Here's a video of one of their trees being installed outside of a factory in Taiwan:
I think these are pretty neat. And already, they have been installed all around the world. But unfortunately, there has yet to be one installed in Canada. That should change, so maybe one of you will consider installing a wind tree at one of your projects.
I've already reached out for more information so that we can consider doing the same.
Cover photo via New World Wind
I'm not sure that oil is Canada's only economic hard power, but it has to be our largest:
“To effectively use oil, Canada’s only economic hard power, Carney needs to get not just one, but two pipelines built,” said Adam Waterous, chief executive of Calgary’s Waterous Energy Fund, a major oil sands investor.
It's hard to imagine a more strategically important investment for Canada. Right now, virtually all of Canada's oil exports go to the US. That gives us zero leverage. We are price takers! To correct this, we need to diversify our customer base. And the only way we do that is by building pipelines to our coastlines and then selling to the rest of the world.
But beyond shoring up our economy, I'd argue that this is also the way we accelerate decarbonization. Here's the plan: We get rich, and then reinvest the profits into renewable energy, the world's largest sovereign wealth fund, and critical nation-building infrastructure like housing, transport, and education.
Oil and gas profits won't last forever. This is about building for that future.
Cover photo by Chris Liverani on Unsplash
Data centers require electricity.
And as we have talked about before, total electricity consumption by US data centers is forecasted to reach somewhere between 6.7 - 12% of total consumption by 2028 (figure from the US Department of Energy). Last year, Goldman Sachs also estimated that data center power demand would grow 160% by 2030.
I kind of wonder if these numbers might be understated — given our current AI bubble — but whatever the case may be, we're going to need a lot more electricity going forward. There's no such thing as a wealthy, low-energy nation.
Given all of this, I'm struggling to understand why the US would move to cancel what would have been the largest solar project in North America. Esmeralda 7, which was to be located on 62,300 acres of federal land to the north-west of Las Vegas, was expected to be a 6.2 gigawatt project — enough to power nearly 2 million homes.
Instead, the Department of the Interior seems to be determined to accelerate fossil fuel projects, and help China maintain its clear dominance in renewables. I guess that makes sense in some world if you think renewal energy projects are a "
New World Wind is a French company that makes something known as wind trees. These are trees that come in a few different models and produce renewable energy using 36 micro-turbines shaped like leaves (their Aeroleaf technology). There is also the option of supplementing these turbines with solar panels.
According to New World Wind, one wind tree can produce enough electricity to cover 80% of a typical French households' annual consumption needs (excluding heating) or about 100 m2 of office space. And on top of this, for every wind tree, the company goes out and plants 10 real ones.
Here's a video of one of their trees being installed outside of a factory in Taiwan:
I think these are pretty neat. And already, they have been installed all around the world. But unfortunately, there has yet to be one installed in Canada. That should change, so maybe one of you will consider installing a wind tree at one of your projects.
I've already reached out for more information so that we can consider doing the same.
Cover photo via New World Wind
Cover photo by American Public Power Association on Unsplash
Cover photo by American Public Power Association on Unsplash
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