Eco-opportunist T. Boone Pickens has given up on his huge wind farm idea for America.
He’s looking north of the border to find a place to install his giant bird shredders, a place like Ontario:
Pickens is now setting his sights on a possible giant wind project — but not in the United States. He’s looking north of the border, in Canada, where renewable energy standards make wind a more attractive investment.
Ontarians were sold down the river by Premier Dalton McGuinty last January when he committed the province to subsidize wind projects to meet ‘green’ targets. Florida energy company Next Era Energy was one of the first US firms to sign up for the ‘green windfall’ and now Pickens is rushing to pick the pockets of Ontario consumers too.
Ontario is already facing a green problem with its commitment to solar projects, paying rent-seekers nearly 20 times the current price of electricity. McGuinty is so worried about the ballooning costs to consumers (voters) he blew $1 billion this fall just to hide the price increase another few months. Eventually the province will face the reality that subsidies are far less sustainable than the energy they encourage and follow Spain’s example and slash the rates.
By the time that happens, T. Boone Pickens will already have filled his pockets full of green, thanks to Canadians.
[...] come to Ontario. But does the province need business of the sort brought here by Samsung and T. Boone Pickens? How about lowering energy costs so Ontario can attract some of those old-style businesses that [...]
T Boone’s goal here has slipped his grasp. He wanted unc Sam to snatch up so right of ways for him and oh, by the way allow him to keep the water and pipeline rights of those RoWs so he could make money that way off the largess. Didn’t happen so he stopped his expansion. If you need to steal from others to make the money, it isn’t truely self sustaining, now is it?