Post by
Co2Harvest on Apr 26, 2019 9:15pm
The world is seriously messed up
The money that CST needs to pay the overrun on RFP/Serres Toundra is less than what the average NHL hockey player earns per season. The Ontario Gov't is planning for a $30B subway system. Cap and trade programs are pulling in hundreds of millions into Quebec every quarter. CST needs $7.5M to cover their overrun + operate for another year (my est) and maybe $20M (also my est) to execute on the royalties portion of their business strategy. The bulk of what they will spend on building the royalties business will likely be in marketing, travel, socializing their tech, negotiating contracts etc. Not hardware. I.e they have a real shot at this in my view, if they could only get funding and they don't need much. They would need $100M or likely more of they were depending upon hardware sales. Let's also not forget that a $15M pot is up for grabs in AB if they can find a willing partner out there. So whoever first steps up gets their $30M CCUS project for half price. Sheesh, where are the people with money and brains? Oh yah.. cannabis, I forgot. Shoot me now.
Comment by
Co2Harvest on Apr 28, 2019 9:40am
Just listened. You know, if Doug Ford were to take the $30M he had set aside for fighting the carbon tax and used it to subsidize a CCUS unit at Algoma or Colacem or wherever, he could have demonstrated some real climate leadership. He'll burn over 10x what CST needs to cover their RFP overrun just to have a fight and the end result will be no different than what Ontarians have today.