Posts Tagged ‘oil revenue’

The Nuclear Fusion Family

July 18, 2008

Recently, a Korean nuclear fusion research facility succeeded in creating plasma from hydrogen.  In fact, they were the second to produce plasma.  A Chinese facility also did it, in 2006.  This is a big step on the road to developing nuclear fusion as a viable source of clean, safe energy in the future.  It’s expected that there will be nuclear fusion reactors producing electricity by the 2040s.

Unlike nuclear fission, fusion does not result in radioactive waste.  It also doesn’t produce greenhouse gases.  That means it will be an integral part of a sustainable energy future.  Korea and China are partners in the ITER (International Thermonuclear Experimental Reactor) project, an international initiative to develop nuclear fusion as an energy source.  The list of ITER partners includes almost every industrialized country, except Canada.  Besides Korea and China, there is the EU, the US, Japan, India, and Russia.  Why Canada has not decided to pursue this is beyond me.

The government touts our new identity as an energy superpower, so why aren’t they investing in the energy source of the future?  The day will come when nuclear fusion and other sources replace harmful oil and gas powered plants, so why not be a major player in the new fusion industry that will emerge?  That would help maintain that energy superpower status.

The government also talks of significantly reducing greenhouse gases by the middle of the century.  Why not invest in a technology that will help make it happen?  By not being a part of this, it looks like they aren’t interested in expediting the development of a clean energy alternative because they rely on oil revenue.

Could it be that the cost is prohibitive?  No.  The KSTAR facility in Korea cost about $307 million.  Surely an energy superpower like Canada, which is doing quite well relative to other industrialized countries these days due to strong fundamentals and high commodity prices, can afford to develop a technology that will change the world for the better and secure its position as an energy superpower for probably the entire century.  Think of how much oil and gas revenue will come in over the next thirty-five to forty years until electricity from fusion becomes reality.  The costs pale by comparison.

We shouldn’t stop at fusion, either.  With energy and commodity prices as high as they are, we are in a luxurious position.  We should be investing in science and national projects that will challenge Canadian industry to develop the technologies and industries of the future, and raise our profile in the world.  The more successes we have, the more top scientists and success-oriented people we will attract, which will result in more successes.  This kind of success spiral will result in ongoing, sustainable economic growth as new technologies find applications in the consumer marketplace as well as in industry.  Think NASA.  The economic benefits from its Apollo program were enormous.

This is our opportunity.  Let’s take it.

Does Canada Lack Ambition?

January 30, 2008

Two weeks ago, I wrote a post about the pending takeover of MDA’s space division by an American company and the threat to national security it represented.  I asked readers to write their MPs, cabinet ministers, and the prime minister.  I don’t know if anybody did, but I did and it seems to have been noticed. 

Finance Minister Jim Flaherty recently announced plans to begin examining foreign takeovers for national security threats in the near future.  See this article: http://www.mytelus.com/money/news/article.do?pageID=ex_business/home&articleID=2860914.  The article also discusses something else I’ve noticed:  the lack of leadership in this country has not only been at the political level, it’s also in the boardroom.

Many of our biggest and best companies are being bought up by foreign companies that aspire to be the global leaders in their sectors.  You may not realize it, but Tim Horton’s isn’t even Canadian owned anymore.  It was bought years ago by Wendy’s.  If you’ve wondered why they’ve started sharing premises, now you know.

Why don’t Canadian companies aspire to be the global leader and start buying others?  It seems that even our companies lack ambition.  They just don’t think big, or big enough.  Or maybe they’re just lazy.  Why make all that effort to make the market, when there’s a huge market on your doorstep?  Let the Americans do the hard part, we’ll just sell them the materials they need to build their vision of the world.

Why don’t we build our own vision of the world?  We’re sitting on three and a half million square miles of everything you need to build an economic monster, an empire, and what do we have?  One of the most underpopulated countries in the world, where governments typically rely on primary industries to drive the economy, sometimes at the expense of other industries.

This happened recently when government regulators dragged their feet while two Canadian electric car companies waited for approval of their vehicles.  It finally came for one after the story was featured on the news, but it was too late for the other.  The Richmond, BC based company had already decided to move overseas.  A Canadian car company lost because the government relies on oil revenue.

We need visionary leaders, in government and business, to build the kind of country we are capable of being.  But right now, they’re not there.  I hope they come along soon because if this keeps up, before long none of us will work for a Canadian company.