WATER SURPASSES OIL AS CANADA'S TOP RESOURCE
Sounds bad, eh?
But, think again.
Canada is moving forward on four massive water based energy and export projects that represent a total investment of $28 Billion in construction costs alone.
In a recent study of Canada's 100 top investment projects the top four projects are water / energy projects starting with the Site C Dam, soon to be called Dam Christy Clark or Christy Clark Dam (depending on your political allegiances), in British Columbia at $8.8 billion (shown in photo on left), Muskrat Falls in Newfoundland and Labrador at $6.99 billion (shown in photo 2nd from the left), to the Romaine Complex in Quebec at $6.5 billion (shown in photo 3rd from the left), and the Keeyask Project in Manitoba at $6.5 billion (shown in photo on the right).
Each of these projects will deliver clean "water generated energy" for many decades to come with minimal harm to the environment of our planet.
Click here to learn more about Canada's top Investment Projects
By contrast, the much maligned Keystone Oil Project was projected to cost $5.2 billion to complete and would have added greatly to the environmental destruction in Alberta, put at risk huge areas of land in the United States and contributed to global warming with the burning of fossil fuel.
The Site C Dam is uniquely positioned as a key reservoir in the soon to be developed North American Water and Power Alliance ( NAWAPA) which will divert clean fresh water from the Yukon, British Columbia and Alaska through the Rocky Mountains to the southwestern United States and Mexico.
So, eventually, Site C, in addition to generating annual revenues from energy sales, will also be generating annual revenues from the sale of fresh water flowing to the United States and Mexico.
All of this will, in the long term, keep Canada afloat as Americans and Mexicans pour billions of dollars and pesos into Canada to pay for the water diverted for their use and for the water generated electricity shipped south by transmission lines.
In turn, Americans and Mexicans will ship goods, especially fresh fruit and vegetables, north to Canada which cannot grow many fruits and vegetables due to its hostile climate and some of those fruits and vegetables will be grown using clean Canadian water.
At the same time, Canadians will be able to take winter vacations in warm southerly climates and play in pools and on golf courses kept operable by huge supplies of fresh Canadian water - a renewable resource that will, if properly managed, will keep Canada afloat for centuries to come.
The problem for the so-called Canadian democracy is that all of the negotiations were carried out in secret and no one, except those with Privy Council Security Clearance, knows how much anyone if going to pay for the water and who will get the money.
Alberta Oil Patch Cashes In On BC Water Project
In October 2015, it was announced that Alberta based Atco Ltd was awarded a $470 million contract to construction build worker accommodation at the Site C dam.
Click here to read more about the Atco Ltd contract
In December 2015, it was announced that a consortium led by Alberta based Petrowest Corp., along with its partners, Acciona Infrastructure Canada Inc. and Samsung C&T Canada Ltd., had been awarded the $1.75 billion construction contract at the Site C Dam.
Click here to read more about the $1.75 billion contract.