Clean Energy Hydro Plant In Canada Dubbed A “Boondoggle” After Economists Predict $8 Billion In Losses
By Tyler Durden | Zero Hedge | January 11, 2021
British Columbia is currently in the process of trying to erect a massive hydro dam called the “Site C Clean Energy Project” on the Peace River. The point of erecting the dam was to implement the province’s “green and clean” energy policy and try to create alternative clean energy while lowering carbon emissions.
But the economic price, and lackluster progress of the project had one op-ed in the Financial Post calling the project a “hydro power boondoggle” that “shows real cost of ‘clean’ energy”.
The project has been under construction since 2015, the op-ed notes, and more than $6 billion has already been sunk into it. Despite this, there have been numerous problems identified with the project:
Under foot, according to Premier John Horgan, “there is instability on one of the banks of the river.” Early last year B.C. Hydro identified “structural weaknesses” in the project, which has been under construction since 2015. Site C is also said to suffer from “weak foundations.” Vancouver Sun columnist Vaughn Palmer recently reported that new information on the precariousness of the project, structurally and financially…
The op-ed asks whether or not it is time for the province to simply cut their losses and abandon the job, which would likely need at least another $6 billion to complete.
A review of the project by three Canadian economists say “yes” and have concluded that “the whole project is uneconomic as an energy source and fails its major green and clean promise, which is to reduce carbon emissions.”
Photo: Financial Post
The breakdown of the numbers by the economists show how inefficient the project truly is:
The worst numbers in the study: the total present value of the electricity produced from Site C is estimated at $2.76 billion against an estimated total cost of $10.7 billion, implying a loss of $8 billion. That’s bad. However, if the project were cancelled now, the loss would be cut in half to maybe $4.5 billion. The economists conclude that “policy makers should stop throwing money at a project that is likely to end up under water.”
The economists found that the only way the hydro plant could be worth it, monetarily, would be in conjunction with a “massive national overhaul of the Canadian electricity system”:
“In summary, we find that Site C can offer value, but only if the provinces aim for near complete electricity system de-carbonization and only if new transmission between provinces can be built to enable greater inter-provincial electricity trade. Decisions about the future of Site C should be made in this light; if it is not possible to commit to fully decarbonizing electricity generation, and if prospects for inter-provincial transmission are low, Site C offers little value in comparison to its costs. In contrast, if B.C. and Alberta are committed to achieving a zero-carbon electricity system, and building new inter-provincial transmission lines is feasible, then Site C can offer value in excess of its costs.”
In light of there being a very small chance of that happening, it seems like the obvious decision to simply shut the project down and save several billion dollars.
And of course, it comes as no surprise to us that such a project is horribly cost inefficient. Because if it wasn’t, the free market would have put hydro electric plants to work a long time ago. In other words, the free market shut this project down before it ever even started.
But instead, we get another real life example of how virtue signaling and petty worries over carbon emissions – which are all trending the in the “right” direction globally anyway – lead to frivolous spending, funded by the taxpayer.
We hope B.C. remembers this if Elon Musk ever comes calling, looking for property to build his next solar roof tile factory…
You can read further analysis of the project and the full op-ed here.
Former US representative Ron Paul locked out of Facebook for undisclosed reasons
RT | January 11, 2021
Former US representative Ron Paul has been mysteriously locked out of his Facebook page and accused of “repeatedly going against our Community Standards.” The platform didn’t explain which content on Paul’s page flipped the switch.
Paul tweeted a screenshot of his official Facebook page on Monday sporting a “You Have Limited Page Functionality” warning screen notifying him that he was “temporarily blocked” from “creating new Pages and managing our existing Pages.”
While the warning implied the former Texas senator had “repeatedly [gone] against our Community Standards,” Paul insisted he had never before been given even a notice of violating community standards, let alone a strike or other official reprimand.
The post that supposedly triggered Facebook’s discipline was not displayed, nor was Paul given any further hints as to what he supposedly did to provoke the wrath of the social media behemoth. Instead, he was only given a link to “review our Community Standards to see what’s a violation.” Facebook’s Community Standards has exploded in size over the past few years as the platform scrambles to root out political wrongthink.
Many on social media saw the move as an ominous hint of censorship to come. While Paul’s page was not deleted, it is one of thousands that have been purged or locked since November’s election, a mass disappearance Twitter has eagerly engaged in as well.
Paul’s podcast, the Ron Paul Liberty Report, was censored on YouTube in September, given a “warning” that the video violated “community guidelines” on “spam, deceptive practices, and scams.” Upon further investigation, Paul’s cohost Daniel McAdams discovered the episode had committed the (Youtube-defined) cardinal sin of disagreeing with the World Health Organization’s guidelines on Covid-19. While the WHO itself has changed guidance on the pandemic several times, ordinary users are not permitted to “dispute the efficacy of the WHO or local health authorities’ recommended guidance on social distancing and self isolation.”
McAdams himself, who served as Paul’s foreign affairs advisor during his time in the US congress, was banned from Twitter in November 2019 after trading barbs with FoxNews’ Sean Hannity. The conservative pundit had recorded an hour-long segment railing against the so-called Deep State – President Trump’s term for the swamp-dwelling unelected intelligence agents and other powerful figures – while wearing a CIA pin, a glaring oversight that led McAdams to call Hannity “retarded.”
Facebook, Twitter, Google, and other social media platforms rushed to silence President Donald Trump last week after a horde of his supporters entered the Capitol, supposedly egged on by the president. The resulting chaos saw five people die, one shot by police and three due to unexplained medical emergencies. A police officer was also killed in the melee.
Senior House Republican Says Parler Shutdown by Rivals Breaks Monopoly Laws
By James Tweedie – Sputnik – 11.01.2021
Attempts by Big Tech to muzzle US President Donald Trump and his supporters have had mixed results. While conservative social media site Parler has been shut down, Twitter shares lost $5 billion in value on Monday following the deletion of Trump’s hugely-popular account.
California Congressman Devin Nunes has accused Big tech firms of breaching anti-trust, civil rights and racketeering law by banning social media site Parler.
Nunes, the senior Republican on the House Intelligence Committee, said Amazon, Apple and Google committed a “clear violation” of laws when they banned the ‘free speech’ social media platform popular with conservatives.
“There should be a racketeering investigation on all the people that coordinated this attack on not only a company, but on all of those like us,” Nunes told Fox News on Sunday. “I have 3 million followers on Parler. Tonight I will no longer be able to communicate with those people and they’re Americans.”
Tech giant Amazon shut down Parler just after midnight US Pacific time (08:00 GMT) when it evicted the site from its rented servers. Google and Apple had earlier blocked access to the Parler mobile phone app, although tech-savvy users were still able to download and install it after changing the security settings on their devices.
“The effect of this is that there is no longer a free and open social media company or site for any American to get on any longer,” Nunes said. “Poof, it’s gone.”
Amazon claimed Parler was “unable to effectively identify and remove content that encourages or incites violence against others,” posing “a very real risk to public safety”. Unlike Facebook and Twitter, Parler does not aggressively moderate users’ posts according to a set of “community guidelines”.
Unintended Consequences
On Friday Parler stormed to the number one spot on Apple’s app store after Twitter deleted President Donald Trump’s account — which had some 88 million followers — in the wake of last Wednesday’s occupation of the US Capitol building in Washington DC by protesters attempting to disrupt the confirmation of Democratic candidate Joe Biden as president-elect by Congress.
Twitter shares tumbled by 12 per cent on the stock markets on Monday, losing $5 billion in value after Trump supporters left the site in droves. One pro-Trump ‘channel’ on Russian-founded messaging app Telegram had gained almost 44,000 subscribers by Monday afternoon, just two days after it was created.
Republicans and conservative media figures raised the alarm last week after tens of thousands of their Twitter followers mysteriously disappeared. House Democrats claimed those followers were “neo-Nazis”, “insurrectionists” and “terrorists” who Twitter had purged. But left-wing British broadcaster and former MP George Galloway experienced the same phenomenon.
“Republicans have no way to communicate,” Nunes said, “and it doesn’t even matter if you’re a Republican or conservative.”
Sunday’s New York Post editorial declared: “Big Tech is a cartel, and must be regulated.”
Blanket Ban
Parler CEO John Matze revealed on Sunday not only had the three tech leviathans united to shut down his company, but every firm providing services to the site had abandoned it.
“They made an attempt to not only kill the app, but to actually destroy the entire company,” Matze said. “And it’s not just these three companies. Every vendor from text message services to email providers to our lawyers all ditched us too on the same day.”
French Government “Shocked” at Twitter Banning of Trump
By Paul Joseph Watson | Summit News | January 11, 2021
The French government has echoed Angela Merkel’s sentiment in saying it is “shocked” at Twitter’s banning of President Trump, asserting that Big Tech is a threat to democracy.
Junior Minister for European Union Affairs Clement Beaune said the decision to silence Trump proved the need for Big Tech platforms to be tightly regulated.
“This should be decided by citizens, not by a CEO,” he told Bloomberg TV on Monday. “There needs to be public regulation of big online platforms.”
Finance Minister Bruno Le Maire also said that “the digital oligarchy” was “one of the threats” to democracy and should be reigned in by the state.
As we highlighted earlier, the German government also warned that Big Tech’s deplatforming of Trump set a very dangerous precedent.
Communicating via a spokesman, Chancellor Angela Merkel called the move “problematic,” adding that social media giants shouldn’t have the power to decide who has the right to free speech.
“This fundamental right can be intervened in, but according to the law and within the framework defined by legislators — not according to a decision by the management of social media platforms,” said the statement.
While Republicans were completely toothless in their efforts to control Big Tech during Trump’s administration, Poland could be set to pass a law that would fine social media companies $2.2 million a pop for censoring lawful free speech.
“In the event of removal or blockage, a complaint can be sent to the platform, which will have 24 hours to consider it. Within 48 hours of the decision, the user will be able to file a petition to the court for the return of access. The court will consider complaints within seven days of receipt and the entire process is to be electronic,” reported Poland In.
William Burns, ex-envoy to Russia who accused Putin of using judo-like tactics to ‘sow chaos’ in US, named as Biden’s CIA director
RT | January 11, 2021
[Proclaimed] President-elect Joe Biden has nominated career diplomat William Burns to serve as director of the Central Intelligence Agency, claiming that Americans will “sleep soundly” with Burns at the helm of the shadowy intel service.
Burns, who is currently president of the Carnegie Endowment for International Peace, an international affairs think tank based in Washington, DC, retired from the US Foreign Service in 2014 after a 33-year career in diplomacy. He served as deputy secretary of state in the Obama administration from 2011-2014, and as ambassador to Russia from 2005 to 2008. Before his assignment in Moscow, Burns was US envoy to Jordan from 1998 to 2001, and was appointed assistant secretary of state for Near Eastern affairs from 2001 to 2005.
In a press release, Biden described Burns as a “exemplary diplomat with decades of experience on the world stage keeping our people and our country safe and secure.” The statement said that Burns understood the alleged threats facing the United States, whether they be “attacks emanating from Moscow, the challenge China poses,” or plots being hatched by terrorists and other non-state actors.
Like many other State Department veterans, Burns has repeatedly accused Moscow of interfering in the 2016 presidential elections.
In a 2017 op-ed published by the New York Times, the retired diplomat accused Russia of “aggressive” and “deeply troubling” election meddling. Burns predicted that Washington’s relationship with Moscow will remain competitive and “often adversarial” for the foreseeable future, claiming that Russian President Vladimir Putin is seeking greater influence in the world “at the expense of an American-led order.” He alleged that Russia is dreaming of a dominant position in global affairs unconstrained by “Western values and institutions.”
He called on the US to focus on the conflict in Ukraine, predicting that the country’s fate will determine the “future of Europe, and Russia, over the next generation.”
Tellingly, he also dismissed the “superficially appealing notions” like cooperation against Islamic terrorism. He claimed that Russia’s efforts to help the Syrian government defeat Islamic State (IS, formerly ISIS) has made the terrorist threat “far worse.”
His animosity towards Russia was again revealed in an interview with the Atlantic magazine in 2019. He told the outlet that Putin had been able to “sow chaos” in the United States by “acting like [a] good judo expert, which he is.” According to Burns, the Russian leader took advantage of a “stronger opponent” by leveraging the “polarization and dysfunction” in the US political system.
Burns even suggested that the now-debunked claims of “collusion” between Moscow and the Trump campaign in 2016 had merit, hinting that Special Counsel Robert Mueller could potentially uncover a larger conspiracy behind Putin’s alleged judo-like interference.
Mueller’s probe ultimately found no evidence of collusion, despite years of salacious media reports alleging overwhelming proof of a vast conspiracy between Trump and the Kremlin.
The diplomat appears to have a more reconciliatory approach towards China. Although he has identified Beijing as a long-term competitor with Washington, he has argued that China was more focused on “adapting” to the US-led world order, rather than “undermining it,” which he accused Russia of doing. However, he expressed support for at least some aspects of the Trump administration’s trade war with China, describing the hardline economic policy as “overdue.”
Tech guru Durov warns Apple & Google pose threat to freedom, as Russian Senator says Trump Twitter ban a challenge to sovereignty
RT | January 11, 2021
The move by US Tech companies to censor US President Donald Trump has raised concern in Russia, with politicians and IT industry figures expressing concerns about it, and about its potential implications for political freedoms.
Alexey Pushkov, a prominent Senator and Chairman of the Federation Council on Information Policy and Media Relations warned on Sunday that the “diktat of internet giants” set a dangerous precedent. In a message posted to his official Telegram channel, the politician added that Moscow would “draw serious conclusions from the blocking of Trump by US social network conglomerates. Almost totally depending on foreign internet platforms is incompatible with the sovereignty of the country,” he argued.
However, the founder of the Russian-created Telegram messaging service, Pavel Durov, has now warned that “the Apple-Google duopoly poses a much bigger problem for freedoms than Twitter.” Of the two, he said, Silicon Valley stalwart Apple, worth more than $1.3 trillion, was the most worrying.
This, he suggests, is “because it can completely restrict which apps you use.” Over the weekend, the tech giant announced it would ban social media service Parler from its iOS store over apparent breaches to its guidelines. Telegram, which says it prioritizes the right to free speech more than its rivals, has become popular with Trump and his supporters since the president was indefinitely suspended from Twitter and Facebook. Telegram’s Durov added that his company was working on a web-based app as a contingency, should it become the next target of an App Store ban.
The Telegram founder, who first made his name with Russia’s top social network VK, also urged smartphone users to make the switch to the Android operating system, where users have more control over what they can install and use. This, he said, is “the least they can do to retain access to a free flow of information.”
In November, Russia’s media watchdog warned Google, and its subsidiary YouTube, over perceived censorship of content from the country’s media organizations. The row was sparked by the California-based streaming service’s decision to label an RT documentary on American right-wing militias as “extremist.” Roskomnadzor, the federal communications agency, warned that “cases of the administration of the YouTube video hosting service blocking, labelling, warning, consent and other restrictions with respect to materials of Russian media and journalists have become more frequent.”
Parler goes offline as Amazon pulls the plug on the conservative social network
Donald Trump has faced a near-total removal from social media sites since facing accusations that he’d encouraged his supporters to storm Washington’s Capitol building last Wednesday. Four protesters and one police officer are said to have lost their lives in the violent scenes. While he urged the activists to “go home,” the president reiterated claims that November’s election had been rigged, and told demonstrators that “we love you. You’re very special.”
As well as his removal from Twitter and Facebook, Trump has since faced action from platforms including Instagram, Google, YouTube, TikTok, Reddit, Snapchat and Pinterest.
Hacker reveals massive Parler data leak: All users’ messages, location info, even driver’s licenses may have been exposed
RT | January 11, 2021
Recently shutdown social media app Parler is at the center of a yet another controversy, after allegations surfaced that the totality of its users’ personal data was leaked in the wake of the network going offline.
Parler, a social network popular with conservative audiences, was removed from the internet on Monday, after Amazon kicked the site off its hosting service, citing “a steady increase in this violent content” in the wake of Wednesday’s riot at the US Capitol. The decision to pull support came after Apple and Google blocked the social network from their online marketplaces over the weekend.
Shortly before Amazon’s move, a self-described hacker from Austria, going by ‘Donk Enby’ on Twitter, claimed to have gained access to all of the “unprocessed, raw” video files uploaded to Parler “with all associated metadata.” The hacker even included a link to the file library in order to prove that the data leak was real.
The development agitated the social network’s audience, especially since it occurred around the same time as Parler’s shutdown.
News of the apparent leak quickly spread online, leaving some to wonder how the hacker could have snagged the entirety of one of the network’s file libraries.
A Reddit user named ‘BlueMountainDace’ claimed to have the answer, and they posted it in the group ‘ParlerWatch,’ which appears to have been created to monitor some of the perceived extreme views of the platform’s users.
According to ‘BlueMountainDace’, it was not just the videos, but the entirety of Parler’s users’ data that was exposed.
In their viral post, the Redditor asserted that one of Parler’s hosting platforms, Twilio, accidentally exposed the app’s security authentications via a press release. This in turn could have allowed any person to create a blank administrator account and access all of Parler’s private content, which, besides message history and geo data, might have included users’ driver’s license photos, which were used to create a verified account.
Currently it is unclear which press release by Twilio might have led to the Parler data being exposed.
According to tech writer Matthew Sheffield, the breach was possible due to Parler’s long-criticized lax security standards. Specifically, Sheffield blames the potential leak on the app “never actually deleting anything its users posted,” while keeping the data accessible to administrator users.
However, Sheffield notes that it will likely “take a little while” for such amounts of data to be processed in order for it to end up in an accessible “WikiLeaks-style data dump.”
Parler and Twilio have yet to comment on the allegations.