Hydro-Québec indirectly subsidizes the wind power sector to the tune of $695 million a year, which amounts to some $200 per Quebec household to produce a tiny fraction of the province's energy. With an estimated 40 billion barrels of oil, developing this resource would provide a minimum of $160 million a year in royalties for the Quebec treasury over 30 years.
There's no doubt that electric cars are hot. From the beginning of 2012 to the beginning of 2014, the number of them on the road around the world quadrupled from 100,000 to 400,000. When you look at the numbers, though, it turns out that subsidizing electric cars is an extremely inefficient way of curbing GHGs. In other words, it costs a lot to reduce a little.
Tesla now has enough charging stations throughout North America to allow Tesla owners to drive from Vancouver to San Diego, from Maine to Miami or from New York to Los Angeles without worrying about battery range. There will be no fuel cost along the way, because Musk is committed to making superchargers free for all Tesla owners.
Premier Kathleen Wynne's solution to the transportation infrastructure problem is to spend a whopping $50 billion of taxpayer money over the next 25 years to build an expansive rail network. By 2040, Toronto may finally have the subways that other cities built nearly 200 years earlier. But can you imagine what the world will look like in 2040? We are on the cusp of explosive new technologies that will revolutionize how we commute. Innovative tech startups are fixing the problems we currently have with cars: that they pollute too much, are too expensive for many, and congest our overcrowded roads. Here are three notable examples of ideas and companies that will change transportation as we know it.
I've always been passionate about the environment. In Grade 6, I started an anti-litter campaign in my elementary school called "Clean Up Your Act" -- I was that kid. When I was 11 years old and telling kids to clean up their trash, I never would have believed that I would drive an electric car in my lifetime. But now the technology exists, it works, and it's more popular than ever.
The business model is to really empower a nation and see where that goes. We're putting in charging stations at smaller communities and businesses to allow people who want to look at another alternative whether it's fully electric or electric extended range to be able to drive and to be able to go places and become more economically, socially and environmentally sustainable.
Tesla, the pioneering electric vehicle manufacturer made the news recently and it wasn't about their cars or their flamboyant founder, Elon Musk. No, Tesla made the news because it paid off $465 million in government loans nine years early. Tesla is also estimating that it will sell 21,000 units of its Model S, its family sedan, in 2013.
On a crisp, sunny Saturday, I joined about 50 people at Surrey City Hall to hear B.C. ministers announce a $17 million provincial initiative to have many more clean cars gracing the streets of British Columbia. It was an exciting day, as an important step has been taken to reduce the greenhouse gas pollution