CPP promises to be “responsible steward” of Ontario wind farms

April 17, 2018

Wind Concerns Ontario wrote a letter recently to the Canada Pension Plan Investment Board, expressing concern about the planned investment in a portion of U.S.-based power developer NextEra portfolio in Ontario, namely four wind power projects and two solar power facilities.

“Our concern with this announcement stems from the fact that at present, there are dozens of unresolved official reports of excessive environmental noise emissions from the four wind power projects in the portfolio,” Wind Concerns Ontario president Jane Wilson wrote in the letter.

WCO also provided excerpts from documents received under the Freedom of Information request process, related to one of the wind power projects involved in the purchase.

“Many of the formal complaints involve staff records of health impacts from sleep disturbance or deprivation (a known factor in health problems such as cardiovascular disease, diabetes, stress, etc.) … we offer staff records (these are legal documents) pertaining to the NextEra Conestogo project.

“Staff notes in 2013: resident bothered, sleep disturbed for the family every day, headache, resident “had to stay out of the house all day due to operation of the [wind turbines”. (Master Incident Report 7145-93U9N3, which contains 30+ subordinate records and staff notes)

“And, Staff notes November 2015, noise from this project is an ‘ongoing issue.’ With regard to one specific complaint, the MOECC Provincial Officer wrote, “Subsequent to February of 2015 no resources have been made available for any additional after hour WTG [wind turbine] compliance monitoring/observation/measurements. Additionally, emission and imission audits required by the facility REA [Renewable Energy Approval] despite indicating compliance with the REA have been found to be incomplete at the time of submission. As no resources are available to confirm or deny an after hour WTG noise exceedance and EAB/EASIB have not rejected the above noted audit reports, Abatement Staff are left with no further options to address this complaint. As such: no further action on this IR.” (Source: Master Incident Report 6238-A3W75J)

WCO added that it was concerned the MOECC has not fulfilled its responsibilities as a regulator, as regards wind turbine noise.

Yesterday, Wind Concerns Ontario received a response from the CPP Investment Board Director of Industry and Stakeholder Affairs, Jeffrey Hodgson, who explained the Board’s decision.

“I do want to assure you that our singular objective is to achieve a maximum rate of return on our investments without undue risk of loss, securing the retirement of 20 million workers in Canada. CPPIB’s decisions are not influenced by government direction or any non-investment objectives.

When evaluating transactions such as this one, our organization engages professional advisors and undertakes thorough due diligence on elements including contracts and approvals. And as a long-term investor, we are committed to being a responsible steward of the assets in our portfolio in light of legal requirements, and environmental and safety guidelines.

Thank you again for sharing your perspective and providing us with an opportunity to respond.”

The purchase agreement must now go through a regulatory review by the federal government but if approved, the sale could close in the second quarter of 2018.

 

 

Comments

Sommer
Reply

What will they do to provide protection and justice to local residents who are
being harmed physically, psychologically or financially?

Also the IPCC deception is the backdrop to this investment in industrial scale wind. Take a look at how this futures fund manager addresses the climate change rationale.

http://www.coolfuturesfundsmanagement.com

Andre Lauzon
Reply

Too many ideologues in the “greenie cabinet” of Trudeau too expect a people first approach in their stewardship. Regardless what the CPP investment board may say they are at the beck and call of the politicians .

Barbara
Reply

Is this something similar to buying a used vehicle and also taking over the remaining debt owed by the original owner of the vehicle?

J.P. De Grandmont
Reply

CCPIB could surely find a more suitable investment venue to meet their objective as quoted stated below. An investment which affects the health of citizen taxpayers “without undue risk of loss” is surely not the best choice of investments. Such an investment might shorten the life span of those citizens affected by Wind Power projects. Is a shorter life span expectancy part of your equation to maximize lesser risk of investment.

response from the CPP Investment Board Director of Industry and Stakeholder Affairs, Jeffrey Hodgson, who explained the Board’s decision.

“I do want to assure you that our singular objective is to achieve a maximum rate of return on our investments without undue risk of loss, securing the retirement of 20 million workers in Canada. CPPIB’s decisions are not influenced by government direction or any non-investment objectives.”

Sommer
Reply

Do we know the names of the people on the CPP Board who made this decision?

Barbara
Reply

If anyone cares to read the U.S. SEC information, there are confidentiality agreements. At least this is what my reading is?

The U.S. SEC Form 8-K is over 100 pages. Dated 2018-04-04.

Sommer
Reply

Barbara, watch this most recent episode of Charles Ortel exposing the Clinton Charitable Foundation tax fraud. They also used donations for a climate change/sustainable energy operation under the umbrella of TCCF.
Charles Ortel is planning to expose the implications of this soon. He has people in Ontario sending him information. He’s already exposed in previous episodes ( more than 50 by now on this subject) the fact that our government gave $13,000,000,000.00 to the CCF which so far, Prime Minister Trudeau’s government has no interest in investigating. He is planning a series on the Clinton’s climate change sustainable energy fraud and is using the word ‘racketeering’ as he proposes the legal options. He is not a lawyer but he consults with lawyers.

Barbara
Reply

I don’t do social media because of possible hearsay issues.

In the present situation, people should have actual documents and reliable publications as sources of information.

Richard Mann

We ignore “social media” at your own peril.

The quality and detail of information varies, but many documents are presented.
Facts can also be verified.

What matters are the facts and not the venue presented.

Sommer

Charles Ortel is providing evidence and covering this story thoroughly in every interview with Jason Goodman on ‘Crowdsource the Truth 2 on youtube’. There are other sources for his work in exposing this fraud. Research his work as a financial investigator.

Barbara
Reply

Had a law prof. who warned about using social media.

However, people can do what they want to do in regards to this issue.

Stan Thayer
Reply

Wow wow wow are we getting screwed!
At 4pm today, April 18 2018 the backup gas burning power plants for the IWT’S were supplementing over twice as much power than all the IWT’S in the province of Ontario were producing.
That gas is not renewable and we will breathe the emitted carbon forever.
Hey, it’s April, the winter runoff is providing a heavy flow in all the Ontario rivers with a renewable and plentiful resource,,,,,water.
Then I see the readouts from some of the hydro dams at 20% and I try to rationalize what the Green Energy Act has done to Ontario.
“Ontario Yours To Discover”, or disconnect!
Stan the power man

Barbara
Reply

Are you referring to Carbon (C) a solid or Carbon Dioxide (CO2) a gas depending on the temperature?

Any soot produced would be mostly (C) and (CO2) is entirely different from (C).

CO2 is necessary for life on earth. Plant growth stops at about 250. Earth is around 400 at present which has resulted in increased plant growth.

Additional amounts of CO2 are often used in greenhouses to promote plant growth.

Carbon (C) is now being used instead of CO2 to fool the public. Carbon is black and can be equated to dirty.

By the way, I have taught chemistry and biology.

Stan Thayer
Reply

For those interested in the truth about Ontario’s energy disaster go to ebmag.com. and read the article from the Fraser Institute.
Poor policies to blame for Ontario energy,,,
Enjoy
Stan

Barbara
Reply

ebmag also has related articles as well.

Richard Mann
Reply

Dear WCO:
Can you write back and ask them if any environmental concerns were involved in the decision? If so, what value(s) were assigned to environment when comparing investments? They seem to be saying the decision was based on economics alone while their web site says that decisions are guided by sustainability concerns…

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