Calgary should instead of investing in an Olympic bid, and a potential Olympics that will cost this city billions of dollars, partially subsidize the construction of an electric car factory, solar panel factory and wind mill factory. If we do this, the rest of Canada can buy Canadian made electric vehicles, Canadian made solar panels and Canadian made wind mills. Renewable energy will take over the world and Alberta can get ahead of the crash or we can suffer when it comes. Put Calgary at the forefront of renewable energy in Canada.
Put solar tiles on every single house, apartment building and warehouse in Calgary, we pride ourselves on being the worlds cleanest city, our household energy should be clean too.
The reasons are endless, but here are a few:
Any person can see that fossil fuel manufacturing in Alberta is on its last legs, the electric car and solar cell saw to that. Treating the tar sands like an asset that will be used again when they likely won't massively overvalues the tar sands, and thereby puts Alberta into a carbon bubble.
The world economic forum released a report titled "renewable infastructure investment Handbook: A guide for institutional investors" which I have attached and this excerpt should be particularly alarming for leaders in Alberta.
[T]he unsubsidized, levellized cost of electricity (LCOE) for utility scale solar photovoltaic, which was highly uncompetitive only five years ago, has declined at a 20% compounded annual rate, making it not only viable but also more attractive than coal in a wide range of countries. By 2020, solar photovoltaic is projected to have a lower LCOE than coal or natural gas-fired generation throughout the world.
The Chinese Energy Agency announced that it will invest USD$360B in renewable energy by 2020. By 2030 the tar sands will be obsolete.