https://twitter.com/DavidRayAmos/with_replies
David Raymond Amos @DavidRayAmos
https://davidraymondamos3.blogspot.com/2019/02/nb-power-could-face-18m-carbon-tax-bill.html
https://www.cbc.ca/news/canada/new-brunswick/changes-carbon-tax-nb-power-1.5034166
NB Power could face $18M carbon tax bill as Ottawa toughens approach
Comments
Content disabled.
David Amos
"Blaine Higgs's Progressive
Conservative government announced it was working on a 'made-in-New
Brunswick' treatment for large emitters to avoid federal taxes but so
far has not revealed a plan"
Methinks that is because Mr Higgs has no plan I bet he praying the PANB continue their support in order for his budget to beat the confidence vote and that Harper 2.0 beats Trudeau the Younger in October N'esy Pas?
Methinks that is because Mr Higgs has no plan I bet he praying the PANB continue their support in order for his budget to beat the confidence vote and that Harper 2.0 beats Trudeau the Younger in October N'esy Pas?
David Amos
"Blaine Higgs's Progressive
Conservative government announced it was working on a 'made-in-New
Brunswick' treatment for large emitters to avoid federal taxes but so
far has not revealed a plan. "
Need I say HMMMM?
Need I say HMMMM?
David Amos
@David Amos Methinks many folks are wondering how long the PANB will continue their support Mr Higgs N'esy Pas?
David Amos
"NB Power, which is already
projecting little profit for itself over the next four years without
factoring in carbon taxes, says it is waiting for more information
before it plans for the expense, including whether the Blaine Higgs
government can work out a deal on carbon pricing with Ottawa to avoid or
mitigate the increase."
Yea Right
Yea Right
David Amos
Methinks with lady luck on
our side whatever Jody says today may take the wind out Trudeau's sails
and his carbon tax plans will fall by the wayside by next January N'esy
Pas?
David Amos
Surprise Surprise Surprise
Methinks its Too Bad So Sad that I have been illegally barred from being an intervener within another EUB hearing about NB Power's proposed Rate Hike N'esy Pas?
Methinks its Too Bad So Sad that I have been illegally barred from being an intervener within another EUB hearing about NB Power's proposed Rate Hike N'esy Pas?
Jimmy Moore
@David Amos You were banned
because all you do David is complain and make trouble, file false legal
cases, its to a point you probably aren't even allowed to file cases
anymore. As a political candidate i am sorry but you have little to no
actual credibility.
David Amos
@Jimmy Moore Methinks whereas
you think you know so much about me then I should have the right to ask
if you voted for Rob Moore while I was arguing his fellow lawyer Peter
MacKay in Federal Court in 2015 N'esy Pas?
https://www.cbc.ca/news/canada/new-brunswick/fundy-royal-riding-profile-1.3274276
https://www.cbc.ca/news/canada/new-brunswick/fundy-royal-riding-profile-1.3274276
Jay Schuster
Trudeau is working on 2008
information which has been refuted yet he still wants to carry on, if he
gets in again we are all going to be in trouble.
Jimmy Moore
@Jay Schuster He won't be getting in again at this rate.
David Amos
@Jimmy Moore Methinks I should not bet the farm on your opinion N'esy Pas?
Content disabled.
David Amos
@Jimmy Moore "He won't be getting in again at this rate."
Methinks you and Mr Higgs are hoping that Harper 2.0 beats Trudeau the Younger in October while I run against their buddy Rob Moore again N'esy Pas?
Methinks you and Mr Higgs are hoping that Harper 2.0 beats Trudeau the Younger in October while I run against their buddy Rob Moore again N'esy Pas?
Anne Bérubé
Continue to vote liberal at the next federal election, you deserve him.
David Amos
@Anne Bérubé Of that I have no doubt
M.Ann Morwood
I thought the federals
initial claim was that all big polluters would be off the hook for
carbon tax up to a certain limit. That included the hydro production
plants, manufacturing, etc.
Jimmy Moore
@M.Ann Morwood When has Trudeau actually kept a promise or his word to date?
David Amos
@Jimmy Moore Why no ask my political opponent and shadow cabinet member Rob Moore?
Bill Mickey
Sorry NB Power users, Canada must serve a greater master, the UN, before you peons.
Richard Riel
@Bill Mickey The maritimes should separate from Ottawa and form one government.
Richard Riel
@Richard Riel One minister and one minister for each provinces and no senators, You will see your taxes go way way down.
David Amos
@Richard Riel Methinks I have
been giving Minister Holland quite a headache lately with the
questionable actions of NB Power and their liberal appointed buddies
within EUB against me N'esy Pas?
Greg Vezina
Beware of false green prophet$
http://www.ottawalife.com/article/beware-of-false-green-prophet?set_lang=en
Canada needs honest viable energy and environmental policies based on science and economics, not on political rhetoric, nonscience or nonsense.
Prime Minister Trudeau’s proposed carbon tax is a clear example of this because of the delay in keeping his December 9, 2016, promise to create a matching national clean fuel standard “based on life cycle analysis” billed as “the single biggest element of Canada's national emissions reduction plan”.
There are at least seven major types of pollution caused in the life cycle of the production and utilization of energy: abiotic depletion; acidification; eutrophication; global warming; human toxicity; ozone layer depletion; and terrestrial ecotoxicity.
The Trudeau Liberal government’s proposed carbon tax applies to fossil fuels like coal, oil and bitumen, but exempts other forms of energy including natural gas used for power generation, which is worse over the 20 to 50 year time frame, and likely will so-called renewable fuels such as bio-fuels including those made from food crops, and biomass such as wood.
This applies to other so-called renewable energy sources like wood biomass, shown as not being "carbon neutral" at all, because the immediate harm from releasing the carbon in it and the fifty years or more needed to grow the trees to replace it actually makes it worse.
Taxpayer subsidies, mandatory use laws and exemptions from carbon and life cycle taxes further increase the negative impacts of these pseudoscience based policies.
That’s why the user-pay life cycle clean fuel policy should have been fully formulated and implemented before any other steps were taken.
http://www.ottawalife.com/article/beware-of-false-green-prophet?set_lang=en
Canada needs honest viable energy and environmental policies based on science and economics, not on political rhetoric, nonscience or nonsense.
Prime Minister Trudeau’s proposed carbon tax is a clear example of this because of the delay in keeping his December 9, 2016, promise to create a matching national clean fuel standard “based on life cycle analysis” billed as “the single biggest element of Canada's national emissions reduction plan”.
There are at least seven major types of pollution caused in the life cycle of the production and utilization of energy: abiotic depletion; acidification; eutrophication; global warming; human toxicity; ozone layer depletion; and terrestrial ecotoxicity.
The Trudeau Liberal government’s proposed carbon tax applies to fossil fuels like coal, oil and bitumen, but exempts other forms of energy including natural gas used for power generation, which is worse over the 20 to 50 year time frame, and likely will so-called renewable fuels such as bio-fuels including those made from food crops, and biomass such as wood.
This applies to other so-called renewable energy sources like wood biomass, shown as not being "carbon neutral" at all, because the immediate harm from releasing the carbon in it and the fifty years or more needed to grow the trees to replace it actually makes it worse.
Taxpayer subsidies, mandatory use laws and exemptions from carbon and life cycle taxes further increase the negative impacts of these pseudoscience based policies.
That’s why the user-pay life cycle clean fuel policy should have been fully formulated and implemented before any other steps were taken.
David Amos
@Greg Vezina "Beware of false green prophet$"
Oh So True
Oh So True
Alison Jackson
Whatever happened to critical
thinking? Why is it there is always a handful of the same people over
and over again who can't seem to be able to grasp the simplest concepts
of science.
What's even scarier, is these people vote.
What's even scarier, is these people vote.
David Amos
@Alison Jackson Whatever happened to critical thinking?
Methinks cognitive dissonance is what the Powers That Be promote and rely on. It appears that their success has caused critical thinking and even common sense have gone the way of the Dodo Bird among most of peoplekind N'esy Pas?
Methinks cognitive dissonance is what the Powers That Be promote and rely on. It appears that their success has caused critical thinking and even common sense have gone the way of the Dodo Bird among most of peoplekind N'esy Pas?
Roger Williams
If we take NB Power estimates
of increases over the next 5 years, it will amount to 19% regular
increase on top of 38% carbon tax increase. So a 57% total increase. Of
course, that is taxable at 15% HST, so that is a grand total of 65.5%
increase. If that does not make people conserve, then I don't know what
will. It took us 5 years to cut our power consumption in half, so it is
possible. We have too many trees around our home to implement solar, so
we are now at the mercy of these increases Not a pleasant thought.
David Amos
@Roger Williams "Not a pleasant thought."
Methinks that should make the beancounters within NB Power and their KPMG buddies Happy Happy Happy N'esy Pas?
Methinks that should make the beancounters within NB Power and their KPMG buddies Happy Happy Happy N'esy Pas?
Vernon Shein
Keep voting Liberal NB.......................
David Amos
@Vernon Shein Why not consider the Independents next time?
SarahRose Werner
In other news: "Scientists
turn carbon dioxide back into coal: New technique can efficiently
convert CO2 from gas into solid particles of carbon." https://www.sciencedaily.com/releases/2019/02/190226112429.htm
David Amos
@SarahRose Werner Imagine that? BTW anyone remember what the forests that were mowed down used to breathe?
David Amos
@SarahRose Werner Geez I wish CBC would quit blocking me
Chris Spiers
Here is an idea. Refuse to pay the taxes. Just dont send a cheque. What are the Feds going to do?
SarahRose Werner
@Chris Spiers - Withhold our equalization payments.
SarahRose Werner
@SarahRose Werner - "Total major transfers to New Brunswick for 2019-20 will round to $3,157 million." https://www.fin.gc.ca/fedprov/2018-12-09/nb-eng.asp
Chris Spiers
@SarahRose Werner
Well maybe learn to stand on your own 2 feet in NB, instead of money from other parts of the country.
Maybe NB should stop giving the Irvings tax breaks.
Well maybe learn to stand on your own 2 feet in NB, instead of money from other parts of the country.
Maybe NB should stop giving the Irvings tax breaks.
David Amos
@Chris Spiers "Here is an idea. Refuse to pay the taxes. Just dont send a cheque. What are the Feds going to do?"
Methinks Mr Higgs knows why I don't pay income taxes because the federal liberals deleted my SIN many moons ago Truth is stranger that fiction N'esy Pas?
Methinks Mr Higgs knows why I don't pay income taxes because the federal liberals deleted my SIN many moons ago Truth is stranger that fiction N'esy Pas?
SarahRose Werner
I agree that we should stop giving the Irving's tax breaks. But are we giving them $18 million worth of tax breaks?
David Amos
Chris Spiers
Wealth transferring is all the tax is.
Rich get richer, the poor get more, and the Middle class as per normal bare the brunt
No Libs come Oct 2019
Rich get richer, the poor get more, and the Middle class as per normal bare the brunt
No Libs come Oct 2019
Content disabled.
David Amos
@Chris Spiers Methinks the
Irving Clan don't pay much for taxes but the PCs made certain that they
get big cheques from NB Power N'esy Pas?
https://www.cbc.ca/news/canada/new-brunswick/nb-power-first-full-rate-hearing-gets-questions-about-big-paper-mills-1.3114844
"Hickey registered to participate as a concerned citizen and was given wide latitude by EUB Chairman Ray Gorman to ask NB Power any questions he had, with the same standing as the corporate lawyer for Enbridge who went before him and the corporate lawyer for JD Irving who came after.
Hickey made the most of his chance.
I think the people of this province deserve to know.
- Gregory Hickey
He was especially curious about NB Power's Large Industrial Renewable Energy Purchase Program which was unveiled by the Alward government in 2011."
David Amos
@Chris Spiers Too bad so sad that you could not read my reply
David Amos
@Chris Spiers Methinks I
should be permitted to say that folks should be curious about NB Power's
Large Industrial Renewable Energy Purchase Program which was unveiled
by the Alward government in 2011 N'esy Pas?
SarahRose Werner
The feds are threatening to
tax NB Power $18M. The feds also instituted climate action incentive
payments. All you have to do to get yours is to file a 2018 tax return.
There is no income phase out Based on the 2016 census figures, I'm
calculating that NBers will be able to claim *at least* $65M. Even
allowing for continuing population decline, we ought to get at least
$60M. 60 > 18. Thank you, PM Trudeau.
David Amos
@SarahRose Werner Methinks Mr
Trudeau has a far bigger concern than his carbon tax plan with buddy
Jody spouting off today N'esy Pas?
daryl doucette
@David Amos cant wait to hear what she says
NB Power could face $18M carbon tax bill as Ottawa toughens approach
Bill would be six times higher in 2020 than 2019's bill, which the utility hadn't budgeted for
Tougher federal treatment of
generating stations that burn coal and petroleum coke, quietly being
proposed for next January, could mean an $18 million carbon tax bill for
NB Power in 2020 — up to six times more than it's paying this year.
It's an amount the utility has not budgeted for and could require additional rate increases to finance.
NB Power, which is already projecting little profit for itself over the next four years without factoring in carbon taxes, says it is waiting for more information before it plans for the expense, including whether the Blaine Higgs government can work out a deal on carbon pricing with Ottawa to avoid or mitigate the increase.
"The
current plan does not have anything meaningful in there for that," NB
Power chairman Ed Barrett told New Brunswick MLAs earlier this month
about how the utility plans to deal with the cost of its greenhouse gas
emissions.
"It's uncertain to us the posture that the shareholder [Higgs government] is going to take with respect to carbon tax in general. When they know, we'd sure like to know."
Despite being the largest greenhouse gas producer in Atlantic Canada, NB Power's federal carbon tax bill for 2019 is expected to be low — about $3 million — thanks to generous but controversial credits offered to coal and petroleum coke-fired generating stations, like NB Power's plant in Belledune.
According to the federal Department of Environment and Climate Change, Belledune emits 838 tonnes of greenhouse gases for every gigawatt hour, equal to one million kilowatt hours, of electricity it produces.
Under currently proposed rules for 2019 carbon taxes on plants fuelled by coal or petroleum coke are exempt from paying tax on the first 800 tonnes of emissions per gigawatt hour of electricity they produce — up to 95 per cent of the emissions in Belledune's case.
Belledune
emits 838 tonnes of greenhouse gases for every gigawatt hour, equal to
one million kilowatt hours, of electricity it produces. (Jacques Poitras/CBC)
That
favourable treatment caused controversy in Parliament and elsewhere
when first reported in October, and in December the federal government
proposed revised and much tougher treatment for power plants fired by
coal or petroleum coke. The change would start next January, after this
fall's federal election.
The new plan is to exempt only the first 650 tonnes of greenhouse gas emissions per gigawatt hour of electricity produced in 2020 and tighten the exemption every year until it reaches 370 tonnes in 2030.
Belledune produces between 3,000 and 3,600 gigawatt hours of electricity per year and in 2020 will have to pay tax on an extra 500,000 tonnes of emissions at the rate of $30 per tonne.
That will increase NB Power's carbon tax bill 500 per cent, from about $3 million in 2019 to $18 million in 2020, if production levels at Belledune are not cut.
NB Power has applied for an average 2.5 per cent rate increase for April 1, including a 2.9 per cent increase on residential customers.
Its application noted the amounts include no provision to deal with carbon costs as it waits for the federal government to finalize its proposed treatment of industry and for the province to announce any possible alternative that will be acceptable to Ottawa.
"While the federal government has currently rejected the government of New Brunswick's carbon pricing plan, the government of New Brunswick continues to develop a carbon pricing plan that would meet federal guidelines," says the utility's application.
"Additional uncertainty around carbon pricing exists due to the lack of published final regulations. These issues need to be fully understood to budget any carbon expense. As such, NB Power has not included a carbon cost in the budget."
NB Power is already in a financial bind and is projecting low profitability and a $108 million increase in its debt over the next four years, without any money set aside to pay carbon costs.
Blaine
Higgs's Progressive Conservative government announced it was working on
a 'made-in-New Brunswick' treatment for large emitters to avoid federal
taxes but so far has not revealed a plan. (CBC)
Provinces
that develop an alternative carbon pricing plan acceptable to Ottawa
can escape federal taxes but so far, New Brunswick proposals have failed
to win federal support.
The province has joined a court challenge to the federal program, and in December announced it was working on a "made-in-New Brunswick" treatment for large emitters to avoid federal taxes. So far, that plan has not been revealed or accepted.
Ottawa is still finalizing carbon tax exemption levels for industry, which are expected mid-year. Nevertheless, carbon taxes on industrial emitters took effect in the province on Jan. 1 at a rate of $20 per tonne on non exempt emissions.
That amount grows by $10 per tonne every Jan. 1, until reaching $50 per tonne in 2022.
It's an amount the utility has not budgeted for and could require additional rate increases to finance.
NB Power, which is already projecting little profit for itself over the next four years without factoring in carbon taxes, says it is waiting for more information before it plans for the expense, including whether the Blaine Higgs government can work out a deal on carbon pricing with Ottawa to avoid or mitigate the increase.
"It's uncertain to us the posture that the shareholder [Higgs government] is going to take with respect to carbon tax in general. When they know, we'd sure like to know."
Utility expected low tax bill
Despite being the largest greenhouse gas producer in Atlantic Canada, NB Power's federal carbon tax bill for 2019 is expected to be low — about $3 million — thanks to generous but controversial credits offered to coal and petroleum coke-fired generating stations, like NB Power's plant in Belledune.
According to the federal Department of Environment and Climate Change, Belledune emits 838 tonnes of greenhouse gases for every gigawatt hour, equal to one million kilowatt hours, of electricity it produces.
Under currently proposed rules for 2019 carbon taxes on plants fuelled by coal or petroleum coke are exempt from paying tax on the first 800 tonnes of emissions per gigawatt hour of electricity they produce — up to 95 per cent of the emissions in Belledune's case.
The new plan is to exempt only the first 650 tonnes of greenhouse gas emissions per gigawatt hour of electricity produced in 2020 and tighten the exemption every year until it reaches 370 tonnes in 2030.
Belledune produces between 3,000 and 3,600 gigawatt hours of electricity per year and in 2020 will have to pay tax on an extra 500,000 tonnes of emissions at the rate of $30 per tonne.
That will increase NB Power's carbon tax bill 500 per cent, from about $3 million in 2019 to $18 million in 2020, if production levels at Belledune are not cut.
Utility struggling financially
NB Power has applied for an average 2.5 per cent rate increase for April 1, including a 2.9 per cent increase on residential customers.
Its application noted the amounts include no provision to deal with carbon costs as it waits for the federal government to finalize its proposed treatment of industry and for the province to announce any possible alternative that will be acceptable to Ottawa.
"While the federal government has currently rejected the government of New Brunswick's carbon pricing plan, the government of New Brunswick continues to develop a carbon pricing plan that would meet federal guidelines," says the utility's application.
"Additional uncertainty around carbon pricing exists due to the lack of published final regulations. These issues need to be fully understood to budget any carbon expense. As such, NB Power has not included a carbon cost in the budget."
NB Power is already in a financial bind and is projecting low profitability and a $108 million increase in its debt over the next four years, without any money set aside to pay carbon costs.
The province has joined a court challenge to the federal program, and in December announced it was working on a "made-in-New Brunswick" treatment for large emitters to avoid federal taxes. So far, that plan has not been revealed or accepted.
Ottawa is still finalizing carbon tax exemption levels for industry, which are expected mid-year. Nevertheless, carbon taxes on industrial emitters took effect in the province on Jan. 1 at a rate of $20 per tonne on non exempt emissions.
That amount grows by $10 per tonne every Jan. 1, until reaching $50 per tonne in 2022.
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