14 Gigawatts for 70 Billion? Is that a good dollar value?

An announcement means nothing unless it is followed through. It's results that matter. Carney likes to make a lot of announcements but there have been no results or even the start of any of these announcements.

I am of the opinion this is much to do about nothing, like every other announcement made by not just Carney but his predecessors. It's all just theater for the masses.

Why not just do it, like they did it decades ago, why does it have to be some kind of announcement or is this just a political ploy to garner more support while doing nothing?

I don't believe anything any of these guys say because talk is cheap and building anything in Canada is nearly impossible.

Junk away....

    > As part of this agreement, the federal government will provide $10 billion in federal financing to:
    >
    > - Upgrade and expand the Churchill Falls Generating Station.
    > - Develop the massive Gull Island hydroelectricity project.
    > - Unlock co-investment opportunities with the Innu of Labrador in a major new Labrador onshore wind project.
    > - Build associated transmission lines.

Low balling it is about 10 billion a year CAD in electricity. That is assuming full uptime which is not realistic. It is also going to take several years before these projects complete.

I think the ROI is better than 5% even if you include a variety of factors. Of course if the budgets go >> 70 billion then likely it is a poor investment.