29 November 2012

10 Reasons to Oppose Muskrat Falls #nlpoli

For posterity, here are Simon Lono’s 10 reasons to oppose Muskrat Falls. He tweeted them on Wednesday, November 28.

Your humble e-scribbler buggered up the list from Twitter so Simon sent along the correct versions, now updated (4 December)

0 reasons #MF is not in longer-term public policy interests of the peeps of NL #nlpoli

10 – #MF will add to >$4B to already large prov debt #nlpoli

9 – Only indep report on #MF (Joint Rev Pnl) found project was deeply flawed. Reports since then ignore those issues #nlpoli

8 - #MF has never been subject to indep public utility review. PUB reference was incomplete and hurried #nlpoli

7 – #MF will be paid 100% exclusively by NL ratepayers but we only use 40% max of power #nlpoli

6 – Many options exist to cover power gap to 2041 when >3500MW free up (2/3 capacity) #nlpoli #MF

5 – Demand management totally ignored #nlpoli #MF

4 – Natural gas is an option, if govt was keen to develop it #nlpoli #MF

3 – 50+ year power demand projections not worth paper printed on #nlpoli #MF

2 – 50+ year oil price projections not worth paper printed on #nlpoli #MF

1 - #MF was conceived as a way of building a big legacy dam. Since then it’s been 1 justification after another #nlpoli

#1 Bonus reason – #MF cost overruns will cripple project and NL economy #nlpoli

#2 Bonus reason – No #MF power sales to US while shale oil/gas keeps US energy prices cheap #nlpoli

-srbp-