Newfoundland and Labrador’s Economic Recovery Report ! ‘The Big Reset ??? ‘ Part One.

The Premier of Newfoundland and Labrador commissioned a group of people , called The Premier’s Economic Recovery Team to provide recommendations to the Premier to assist him and his Government in combatting the fiscal crisis facing the Province . It was Chaired by Dame Moya Green OC, DBE .  It is called ‘The Big Reset .’ 

When I first heard the title, I thought it a joke .

And then I saw it in print . 

Mark Carney , that roving ‘expert,’ former Bank of Canada Head, closet Liberal , and Dame Green must be pals. Part of the Global Elite they have very fixed positions on how the world must be governed. And Premier Andrew Fury saw fit to have Dame Green  inflict such views on troubled Newfoundland and Labrador. 

A. The world is not in a crisis climate situation .

Nine hundred scientists as part of the Clintel Foundation have declared in their declaration :

‘There is no climate emergency. Therefore, there is no cause for panic and alarm. We strongly oppose the harmful and unrealistic net-zero CO2 policy proposed for 2050. If better approaches emerge, and they certainly will, we have ample time to reflect and re-adapt. The aim of global policy should be ‘prosperity for all’ by providing reliable and affordable energy at all times. In a prosperous society men and women are well educated, birthrates are low and people care about their environment.’

Steven E. Koonin , NYU Professor and highly regarded scientist worldwide , has just written a new book entitled ‘Unsettled: What Climate Science Tells Us, What it Doesn’t, and Why We Got It Wrong. ‘ 

Sadly , it is too late for this report.  It should be required reading for policy makers everywhere. 

Holman Jenkins of the Wall Street Journal who read a draft of the book and interviewed Koonin says :

‘Koonin argues not against current climate science but that what the media and politicians and activists say about climate science has drifted so far out of touch with the actual science as to be absurdly, demonstrably false.” (Jenkins, 2021)’ 

Koonin actually quotes  various parts of the recent UN IPCC  reports which when put into summary reports and touted by leaders of the UN and Governments twist and misrepresent  the actual facts that were present in those scientific reports. 

Too bad Canadians ignored their own real experts like Stephen McIntyre and Ross McKitrick who years ago demolished the hockey stick graph which supported the fake climate extremism of UN and Government leaders. 

For some strange reason a virus affecting the mind has circulated the globe, its main characteristic is to make man see emergency and catastrophe  almost everywhere , but most particularly in the issue of climate. 

So the foundation of much of this report is very shaky, not on solid ground. . 

B. The notion that hydro electric is green is demonstrably wrong. From tunnels, to destroying eco systems by land flooding , concrete power houses and damns, to steel transmission lines , to turbines , this is hardly a so called green technology. 

C. The use of wind turbines referenced in the report is unfortunate . As Mark P. Mills , scholar at Manhattan Institute ( and Professor at North Western  University)  Institute had said : 

‘ If You Want renewable energy , get ready to dig.”  

Mills declares : ‘Building one wind turbine requires 900 tons of steel, 2,500 tons of concrete and 45 tons of plastic.’ 

And the land that is destroyed by wind farms is extensive. 

He goes on to say in his August , 2019 article 

‘Democrats dream of powering society entirely with wind and solar farms combined with massive batteries. Realizing this dream would require the biggest expansion in mining the world has seen and would produce huge quantities of waste.

‘Renewable energy” is a misnomer. Wind and solar machines and batteries are built from nonrenewable materials. And they wear out. Old equipment must be decommissioned, generating millions of tons of waste.’

The so called fifth Industrial revolution in the report —the greening of the Province ( wind farms and all) has a weird twist to it ——keep developing oil but with a lower carbon footprint. Is this serious? And then the oil gets transported on carbon consuming ships ( or do they already have the environmental killing batteries) to refineries that process the stuff and then by pipelines and trains all over the continent. Or to countries with little environmental regulation. Our oil  is going all over the world but we have a global commitment to green .

The report actually says :

‘It is challenging to develop an economic growth pathway for Newfoundland and Labrador that does not include growth in the offshore petroleum sector. Other sectors can contribute to fiscal revenues, but there are no short-term, realistic scenarios to replace the petroleum royalty revenues necessary to provide public services as the province transitions to the green economy.’

Note to report authors ; That’s  why I fought for oil and gas development in the first place , because there was and is simply no other source that can supply the level of revenues  as oil and gas does——and even today at the low prices .

There is no compelling evidence in the report , well no evidence at all, that the so called new economy proposed can replace this level of revenues. 

So paradoxically the report grows the oil while greening the economy  ——???? Even talks of zero emissions. Go figure!

Obviously , the team did not look at Nigeria . A recent article says:

Nigeria Places Its Bet on Oil, Gas, and Coal to Secure Its Energy Future

By Vijay Jayaraj — April 26, 2021

“Experts are unanimous that the increase in oil and gas production will play a critical role in the Nigerian economy’s recovery in 2021. Forecasts indicate that oil and gas production will continue to increase rapidly in the next two decades.”

Vijay Jayaraj (M.Sc., Environmental Science, University of East Anglia, England), is a Research Contributor for theCornwall Alliance for the Stewardship of Creation and resides in Bengaluru, India. He also writes for Master Resource , an American energy website .

The report acknowledges that despite Canada’s  commitment in the Paris Accord , it has not met its own targets , nor has Newfoundland and Labrador. Nor have the top polluters like India and China. Why? Because they are exempted —-why should Newfoundland and Labrador ,so dependent on fossil fuels for the next several decades , embark on risky climate targets while the big polluters continue to build coal plants and develop their other fossil fuels resources? 

The whole Paris Agreement is voluntary in any case. Without real targets and enforcement what does it mean ? 

The report misrepresents the state of the climate citing as one example ,  extreme weather events. There is no evidence of that. None. The Clintel Foundation ( over 900 scientists) says in its declaration :

‘There is no statistical evidence that global warming is intensifying hurricanes, floods, droughts and suchlike natural disasters, or making them more frequent. However, there is ample evidence that CO2-mitigation measures are as damaging as they are costly.’ 

Even the latest UN reports validate that statement . 

D. Bluntly, Newfoundland  and Labrador has a massive spending problem . The charts in the report make that abundantly clear, thankfully.

However,  in its identification of four areas of concentration the report puts a fiscal plan fourth . It should be first. How this could be otherwise boggles the mind. 

On the spending side the report gets most things right. 

A wage freeze is essential. The report does not say its duration. 

It should have. 

And why was  a hiring freeze absent in the report. The Province has more public servants per capita than any other Canadian jurisdiction. Should not the Province have guidelines to have numbers in the public service comparable to the Canadian Average or Atlantic Province average? 

I recommended a Future Fund several years ago , the reaction was silence.  Hence , I support this in the report. 

Also necessary is the recommended balance budget legislation , dismantling  NALCO and getting out of equity participation in the oil and gas industry. Subsequent Premiers should have learned from the $ 300 Million Development Fund as part of the Atlantic Accord that this was the way to proceed. Additionally, concentrating upon the economic benefits package of each offshore project would have been far better. Additionally, selling the Bull Arm site is on the right track .

Part Two in a few days. 

6 thoughts on “Newfoundland and Labrador’s Economic Recovery Report ! ‘The Big Reset ??? ‘ Part One.

  1. ‘Hard, hard times’ and ‘the arse is out of ‘er, b’y’. Some things never change, it seems. I’m retired and would love to live there but compared to the cost of living here in Alberta and the easy access I have to health care, I’ll stick with the occasional visit.

    Like

  2. Unbelievable! When in the world are we going to stop these people? They will completely destroy the world economy and for that matter, the planet that they declare they are saving, so that China, Russia, Iran and North Korea will just walk in and take a freedom loving nations all out. 😦

    Liked by 1 person

  3. Good article. All we get in the mainstream media are climate change sound-bites, never an examination of the issues. And zero-carbon? Other than enforcing a one-child policy on the world, that is back to the Stone Age.

    Liked by 1 person

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