January 5, 2009

No New Nukes for Ontario Please

By admin

Nuclear power is an incredible waste of taxpayer’s money.

Rarely have we seen the full promised potential of nuclear power, the cost overruns have always been well beyond anyone’s wildest imagination and the risks of dealing with waste greatly outweigh any described benefits of nuclear power.

However, it’s very likely that the McGuinty government in Ontario will sign agreements in the spring of 2009 to bring on 2 new nuclear power plants in this province.

Nuclear power has everything to do with energy consolidation, something that is inconsistent with the general direction of markets, diversification and consumer behaviour.  Any portfolio analyst will tell you that you don’t put all of your eggs in one basket.  Why should the people of Ontario?

More importantly, we stand at the cusp of a golden opportunity to make Ontario one of the world’s greatest and dynamic markets for independent power generation – if the province lets it happen.  Making the production of cheap, efficient and green energy is the future of this province.  Relying on an old monopoly is exactly the reason why manufacturing in Ontario has lost a lot of its cost advantages.

Please petition / attend meetings / write Smitherman and do what it takes to encourage our provincial leaders to spend $50-60 billion on renewable power generation.

Start here and spread the word .

Also, read up on Ontario Clean Air Alliance’s recommendations for a green energy future.