New domestic sources of oil will be more expensive to find, will in some instances pose new environmental risks, and will often require the development of new technology.

Available at: http://www.auditor.on.ca/en/content/annualreports/arreports/en15/3.05en15.pdf.

An understanding between Alberta and Ottawa was only reached when the federal government substantially altered the NEP's pricing and taxation provisions to bring domestic prices closer to world levels. We’re monitoring the system and holding your utility service provider to account. But the NEP's recognition that the solution to a "shortfall" in energy lay in controlling demand and supply was an innovation. The NOP remained the cornerstone of Canadian energy policy for the next decade.

The latter would be preferable given that it would better inoculate long-term operating and capital decisions from short-term politics.

Since 2002 (when the previous electricity system of public ownership of Ontario Hydro went bankrupt and had to be replaced), the province has used electricity expenditures to support not just customer-driven system requirements, but also environmental and economic development goals. It also led to renewed calls for government intervention to stabilize prices and revenues. The federal government was deeply involved in the development of NUCLEAR ENERGY, largely as a result of its expropriation in 1944 (for military reasons) of Canada's only (at the time) uranium mine.

More important still was the FREE TRADE agreement negotiated between Canada and the US. Kenneth P. Green. This has included the smart metering program (which cost over $2 billion and provides virtually no customer value)[4], supply programs such as feed-in tariffs and bio-mass conversions ($9.2 billion above market price)[5], and conservation programs ($2.3 billion from 2014-2016 to reduce consumption while the province has surplus supply of low-carbon electricity).[6].

The oil industry's rapid growth in the 1950s, the controversy surrounding the construction of Canada's first 2 major gas pipelines (the 1956 TransCanada PIPELINE DEBATE contributed to the electoral defeat of the Liberal government the following year), and an acknowledgement that the government's information concerning energy matters was inadequate led in 1957 to the creation of the Borden Commission (see ENERGY, ROYAL COMMISSION ON) to study Canadian energy policy. [5] Office of the Auditor General of Ontario, 2015 Annual Report (s. 3.05), 2015. Glossary: Environment and Sustainable DevelopmentAn extensive glossary of terms related to environmental and sustainable development issues. Nevertheless, in 1907 Parliament passed the Electricity and Fluid Exportation Act to regulate the export of electricity and natural gas, a function that was transferred to the National Energy Board in 1959. These policies had limited success in relieving the industry's chronic productive overcapacity, a problem that was aggravated by the discovery of oil in 1947 at Leduc, Alberta.

Available at: http://www.aegent.ca/insights/coal-replacement-implied-carbon-cost. Your voice matters. The federal government also has the constitutional power to void provincial legislation and to assume control over provincial works "for the general advantage of Canada," although neither power has been invoked in recent years.

The 1960s were a period of consolidation; no new major policy initiatives were launched until the early 1970s.

The incoming government needs to improve the way it oversees and allocates electricity costs. In Canada this wealth transfer had 2 significant dimensions: a large interregional transfer of wealth from Ontario and Québec (which together accounted for 58% of domestic oil consumption in 1980) to Alberta (which produced 86% of Canada's oil), and an international transfer of wealth from Canada to the US as a result of the high level of American ownership of the oil and gas industry (seeFOREIGN INVESTMENT). The province’s advertised energy rates are among the highest in North America. Available at: http://www.occ.ca/wp-content/uploads/Empowering-Ontario.pdf. Adjustments to the NEP and provincial fiscal regimes were required almost immediately in response to the 1983 drop in world oil prices, the fall in gas exports and the recession. [2]  The market price of carbon is under $19/tonne. [4] Office of the Auditor General of Ontario, 2014 Annual Report (s. 3.11), 2014. [1] This represents a considerable burden for households and businesses. Finally, to achieve oil self-sufficiency, the government sponsored expensive frontier exploration and instituted a system of grants to encourage consumers to conserve energy and switch to alternative fuels.



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