News 1. Atlantic Gold “St Barbara Ltd, the Australian mining company that owns Atlantic Gold and Atlantic Mining NS, which operates the Touquoy open pit gold mine in Moose River, is in trouble,” reports Joan Baxter: This week, St Barbara’s share prices crashed 14% “to a multi-year low,” after the company released a statement that […]
Despite receiving Muskrat Falls power, Nova Scotia is still burning biomass for electricity
The Ecology Action Centre is urging the provincial government to rescind or revoke a directive to Nova Scotia Power to maximize the burning of biomass to generate electricity. That instruction was first given by the McNeil government in May 2020 after ongoing delays in receiving renewable energy from Labrador. “In January and again in March,...
Nova Scotia Power rate increase: just more corporate obfuscation, jiggery-pokery and sleight of hand
Nova Scotia Power doesn't want you to know how much it pays its executives, or why. There are lots of things the utility doesn't want you to know. But it still wants more of your money.
You might imagine that somewhere in its controversial, hydro-dam-blocking 3,100-page application for an electricity rate increase, Nova Scotia Power would have found even a few short paragraphs to explain how it had multiplied, divided, compared and calibrated to calculate — and justify — the compensation for its corporate executives. You would imagine wrong. In fact,...
Emera has record profits, but wants more from ratepayers to move off coal
The Annual General Meeting of Emera Inc. — a company that grew out of Nova Scotia Power and has become a multinational business with $34 billion in assets and 7,000 employees — was a tame, well-scripted affair. There wasn’t a single question from shareholders about a controversial proposal to raise power rates by 10% in […]
Public importance of private woodlots
Morning File, Wednesday, May 25, 2022
News 1. Public importance of private woodlots This item was written by Ethan Lycan-Lang. There’s been a lot of discussion about how we manage our forests in this province; forests that are both disappearing and deteriorating in health. Ask most biologists, environmentalists, and non-industry foresters and they’ll tell you “discussion” is all there’s been when […]
John Risley jumps on the “green” hydrogen subsidy bandwagon
Morning File, Tuesday, May 24, 2022
News 1. Mass Casualty Commission “The clock is ticking,” writes Stephen Kimber. “There are just 116 weekdays between now and the day that the Nova Scotia Mass Casualty Commission is required — by the orders in council that created it — to report back to the rest of us… Neither the federal nor provincial government […]
Northern Pulp says it is ‘insolvent’ and can’t pay its pension obligations, but it’s got plenty of cash to bankroll legal assaults on Nova Scotia’s government and laws
At the end of this month, Northern Pulp and six of its affiliates will be back in the British Columbia Supreme Court, and odds are they will ask for and get yet another extension — the seventh to date — of the creditor relief they’ve been afforded under the federal Companies Creditor Arrangement Act. Northern […]
Emera president Scott Balfour received $8.28 million in compensation in 2021
Emera Inc. president and CEO Scott Balfour took home a whopping $8.28 million dollars in total compensation in 2021, including salary and stock options. Enough to make you gag in your green beer, the figures for Emera’s top five executives were reported on St.Patrick’s Day in the company’s Management Circular. Here a short summary of […]
10,000 steps and other persistent bullshit
Morning File, Tuesday, February 15, 2022
News 1. Seven more Nova Scotians have died of COVID-19 Yesterday, Nova Scotia reported seven COVID-19 deaths over three days. More than a third of Nova Scotia’s COVID deaths have occurred since December 3. Welcome to the next phase of our re-opening plan. In his roundup, Tim Bousquet writes: The 68 people now hospitalized because […]
Emera sees record profits
The year 2021 delivered record profits for shareholders of Emera Inc, the parent company of Nova Scotia Power. Earnings per share were up 11% from $2.68 in 2020 to $2.81 in 2021. Emera earned $723 million in profit; Nova Scotia Power made $241 million profit, an increase of $20 million from 2020. Higher natural gas […]
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