To listen to a disturbing account of Alberta losing another 1400 jobs and to listen to an Alberta NDP Cabinet Minister chant "no more oil sand project approvals" and rant nonsense about the renewable energy sector being the way of the future for high paying jobs in Alberta:
http://www.therebel.media/shell_cancels ... e=therebel
China has long been the world’s largest manufacturer or solar panels, and the industry famously used low-cost government loans to expand solar panel production dramatically, causing solar prices to hit their current historic lows. That strategy also led many Chinese solar manufacturers to crash and burn.
http://fortune.com/2015/06/18/china-is- ... ar-panels/
Canada will compete with China in the production of solar panels just about as well as we have competed with them in the production of shoes and personal computers. China's low cost labour pool and economy of scale will insure they will be the most competitive producer of solar panels for decades to come. Canada's high labour costs, high tax environment, smaller economy of scale and less than competitive regulatory regime will insure we go no where in attracting renewable energy jobs no matter the bafflegab of the NDP, high school pseudo intellectuals and the Liberal's St. Justin Trudeau....
Maybe Justin and Notley were thinking Canada could shut down the oil sands and make it big in the wind turbine market????
Chinese wind manufacturers are now capable of producing 40 GW worth of turbines annually, while the Chinese government’s target is to install just 20 GW of new capacity per year between 2015 and 2020, according to CCM consultancy. Severe overcapacity in China’s wind power industry is likely to lead to a large-scale market consolidation before 2020 with many turbine manufacturers being acquired or closed down, an analyst at CCM said.
http://analysis.windenergyupdate.com/em ... ports-grow
While the media is going gaga with our new socialist regimes, it looks to me like our new Canadian leaders are fast tracking us to moral and economic stagnation.
"When the righteous thrive, the people rejoice; when the wicked rule, the people groan."