Skip to Content

green energy posts

Bill Gates Was Right: Green Energy Wasn't Ready for Prime Time

Filed under: Entrepreneurship, Investing, Going Green

MIcrosoft chairman Bill Gates. (Elaine Thompson, AP)By Rich Smith
Motley Fool

It's been nearly two years since Bill Gates came out with his famous dismissal of "green energy" in general, and solar power in particular, as "cute" but too inefficient, too expensive, and too small in scale to actually make a dent in global warming. And once again, it appears the founder and chairman of Microsoft (MSFT) was ahead of the curve.

In an article in this month's edition of The Wall Street Journal's WSJ.Money magazine, the newspaper outlined a swelling backlash against solar, wind, and biofuels -- among investors at least: "Burdened by global overcapacity, slowing demand and the resurgence of fossil fuel production, clean-tech investments have fallen heavily out of favor" on Wall Street, lamented the Journal.

Juno Awards Go Green

Filed under: Celebs & Money, Going Green

The Juno Awards celebrated their 40th anniversary and organizers were going all out to mark the occasion.

The awards show was back to Toronto, where the first Junos were held in 1970. A new statuette was unveiled, and Shania Twain, the best-selling Canadian female artist was inducted into the Canadian Music Hall of Fame.

And for the first time the event will be completely powered by green electricity. Bullfrog Power, a 100 percent green electricity provider, announced this week that it will be "greening" 568 MWh of electricity on behalf of the Junos, which is about enough electricity to power 58 homes for a year.

Ontario Announces $3B in Clean Energy Contracts

Filed under: Investing, Going Green

The Government of Ontario yesterday announced it has awarded $3 billion in contracts to about two dozen wind and solar power companies, enough to light up more than 200,000 Ontario homes.

The announcement sends a clear signal that the province's Clean Energy program (formerly the Green Energy Act) is here to stay, following a month of setbacks for the program

Month of Setbacks
At the end of January, Ian Hanna launched a legal challenge in the hopes of shutting down Ontario's wind farm industry, claiming wind turbines pose a health risk to those who live nearby. And earlier this month, about 1,000 farmers who sought contracts to place solar panels on their property were turned down because the province doesn't have enough capacity to connect them to the electricity grid.

Ontario Wind Farms Challenged in Court

Filed under: Investing, Going Green

Wind turbineLove it or hate it, Ontario's Green Energy Act (GEA) has definitely excelled at one thing: creating controversy and debate.

The latest blow to the GEA comes from a court challenge about the medical safety of wind farms, which was heard by a panel of Superior Court justices on Monday. Ian Hanna, who owns property near a wind farm in Prince Edward County, launched the challenge asking the court to stop development of wind farms until a medical study can be performed. He claims the Ontario government was misinformed when it decided wind turbines were safe at a distance of just 550 meters from homes.

Turbines Bad for Our Health?
There has been plenty of opposition to the costs of the GEA, particulary since the provincial government admitted last year that green energy initiatives were behind most of the 46% increase in energy prices Ontario residents should expect over the next five years. But this is the first challenge based on medical safety. And it does have some legs.

Why Sludge May Be the Next Big Thing in Energy

Filed under: Family Finances

In most of the developed world, the push for renewable energy sources is ramping up. In Canada, many provinces have some type of a "green energy plan" that encourages the development of more sustainable sources of energy. Clearly, this is good news for the planet, but the issue is that existing greener sources of energy (wind and solar power, to name just a couple) often aren't cheap.

The same goes for wastewater sludge. Researchers have played with the concept for a while, but until now, turning wastewater sludge into energy has been a very expensive process. The trouble lies in separating the sludge into its two components: water and biomass. The two components are strongly bound together, so separating them has always proven to be an expensive process. On Thursday, however, University of Nevada researchers said they have found a cost-effective separation method that works.

Ontario Discovers It's Hard to Be Green

Filed under: Investing, Going Green

Ontario's green energy plan is being criticized by Japan for being protectionist. Officials confirmed yesterday that Japan had filed a complaint with the World Trade Organisation stating that the province's renewable energy program violates certain WTO rules.

At the heart of the complaint are the program's local content provisions, which require the use of Ontario-made products in building power-generating facilities. Specifically, 50% of the parts used to build power-generating facilities must be made by local manufacturers, and that percentage is set to rise to 60% next year.

Japan's claim is that these provisions discriminate against products made in Japan (and anywhere outside of Ontario) and amount to a prohibited subsidy, which is banned by the General Agreement on Tariffs and Trade. It will be interesting to see how this plays out, given that government purchases are allowed to favour local producers under GATT rules.
Compare Personal
Finance Rates

Find Your Rate

Advertisement
  • All
  • Mortgages
  • Credit Cards
  • Savings
Enter Mortgage Value
Company
Monthly
Rate
Choose Card Type
Company
Reward Return
Rate
MBNA
2.05%
$1,500.33
Best Rate
2.05%
$1,500.33
Best Rate
2.05%
$1,500.33
Choose Savings Type
Company
Savings
Rate

Most Commented