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This is from the Canadian Tax Federation:
B.C. Emissions Up Despite Carbon Tax
Author: Kris Sims 2020/09/09
News Release British Columbia
Emissions up 10 per cent in past three years
B.C. has highest carbon tax in Canada
Emissions up five of the last seven years
VANCOUVER: The Canadian Taxpayers Federation is calling on the government of British Columbia to cancel the carbon tax because it’s not working, according to the provincial government’s data.
“When this carbon tax was first hatched, we were told it would make emissions go down, but the opposite is happening, emissions are going up,” said Kris Sims, B.C. Director of the Canadian Taxpayers Federation. “The only thing this carbon tax is doing in B.C. is costing us all more to drive to work, drop our kids off at school and heat our homes. The carbon tax is nothing but a cash grab yanked out of the wallets of working people.”
Data recently posted to the British Columbia Government website shows the province’s emissions have gone up 10 per cent in the past three years, despite the highest carbon tax in Canada.
The B.C. government collected more than $1.4 billion through the provincial carbon tax in 2018.
The data, posted in a spreadsheet titled Provincial Inventory 1990-2018 shows B.C.’s emissions at 67.9 million tonnes in 2018. That’s up from 65.8 million tonnes in 2017 and up from 64.4 million tonnes in 2016. Emissions have gone up in five of the last seven years.
“When Premier John Horgan was in the opposition benches, he railed against the carbon tax, saying it would cost people too much to drive their cars and heat their homes,” said Sims. “Back then, NDP leader Carole James called the carbon tax ‘lipstick on a pig.’ They were right about the carbon tax back then and they should do the right thing now and axe the tax.”
At $40 per tonne, the B.C. carbon tax is the highest in Canada. It adds an extra 8.9 cents per litre of gasoline and an extra 10.2 cents per litre of diesel. The carbon tax is 7.6 cents per cubic metre of natural gas and often costs residential customers more than the actual fuel.
Over the past three years government data also shows emissions increasing by:
4 per cent for gasoline powered cars
19 per cent for gasoline powered pick-up trucks
46 per cent for light duty diesel trucks
51 per cent for railways
Comment by Laddy — March 28, 2021 @ 9:36 am
GIII halted pre-market, looking for some good news here.
2021-03-29 08:54 ET – Halt Trading
Gen III Oil Corp. has been halted at the open on March 29, 2021, at the request of the company, pending an announcement.
Comment by Jon - BMR — March 29, 2021 @ 6:28 am
More excellent results from NFG…
NFG News March 29
Comment by Jon - BMR — March 29, 2021 @ 6:29 am
NEPTUNE DIGITAL ASSETS TO RECEIVE ITS FIRST ORDER OF BITCOIN MINING MACHINES AND TO COMPLETE PRIVATE PLACEMENT
Neptune Digital Assets Corp. has confirmed the delivery date for its first tranche of 300 of the previously announced 1,500 ASIC bitcoin mining machines for April 12 (see news release dated March 19, 2021). The first 300 ASIC S17s will produce approximately 50 terahash per machine, or 15 petahashes per second for the set of 300. At $0.04 per KWH of power and a 10% all-inclusive lease and maintenance fee with Link Global (CSE:LNK); (FSE:LGT); (OTC:LGLOF), there will be a profit margin of approximately USD$4,000 per day at the current Bitcoin price of $55,000 USD. Subsequent deliveries will continue as the Company scales to 1,500 units on the initial build out of Neptune Bitcoin mining operations.
“We are very optimistic on the future of our growing revenue channels and want investors to know that we are committed to execution of these plans. We will continue to scale our mining operations to add to our existing income streams as we move through 2021,” stated Cale Moodie, CEO of Neptune.
Neptune has also arranged a private placement of units of the Company with certain directors and other investors of the Company for aggregate proceeds of $500,000 at $0.80 per unit (the “Private Placement”). The Company anticipates that closing of the private placement will take place on or about March 31, 2021. Each unit issued under the private placement consists of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $1.00 for a period of three (3) years from the closing date. The Private Placement is subject to the final approval of the TSX Venture Exchange.
The Company intends to use the proceeds from the Private Placement for strategic cryptocurrency acquisitions, bitcoin mining equipment and to co-develop the previously announced 5MW renewable energy Bitcoin mining facility in Alberta, Canada. The securities sold in this Private Placement will be subject to a four-month resale restriction from the date of closing.
About Neptune Digital Assets Corp.
Neptune Digital Assets aims to be a cryptocurrency leader with a diversified portfolio of investments and cryptocurrency operations across the digital asset ecosystem including Bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi), and associated blockchain technologies.
We seek Safe Harbor.
Comment by Jon - BMR — March 29, 2021 @ 6:30 am
Gen III and Koch Project Solutions Announce Partnership Engagement
Vancouver, British Columbia–(Newsfile Corp. – March 29, 2021) – Gen III Oil Corporation (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN41) (“Gen III” or the “Company”) is pleased to announce it has engaged Koch Project Solutions, LLC (“KPS”) to provide project execution management services leading up to turnkey delivery of its new facility in the U.S. Gulf Coast (“USGC”). KPS will lead Gen III’s world class engineering, construction and licensed vendor teams (PCL Industrial Construction Ltd., Koch Modular Process Systems and Process Dynamics Inc.) through the completion of detailed design, construction, commissioning, and start-up.
The USGC re-refinery is one of three North American projects currently being advanced by Gen III. Robust engineering and blue-chip project execution for Gen III’s innovative re-refineries will be paramount to our success. KPS intends to wrap all elements of project delivery under its leadership providing Gen III with a single point of responsibility for engineering, construction, commissioning and start-up. The first phase of the KPS engagement is under way and we look forward to fast tracking project execution with KPS leading our team.
There are over 1.6 billion gallons of used lubricating oils generated in North America every year, of which only 1.1 billion gallons are collected. Half of the collected oils are burned as plant fuels and the remaining oil is more likely to end up in illegal disposal methods. The DOE has emphasized to Congress there needs to be a systemic change in how this toxic waste is handled:
https://www.energy.gov/sites/prod/files/2020/12/f81/Used%20Oil%20Management%20and%20Beneficial%20Reuse%20Options%20to%20Address%20Section%201.%20E….pdf
Gen III’s USGC facility will clean and process over 78 million US gallons of used lubricating oils per year. By providing an additional 5,600 barrels per day of re-refining capacity to the North American marketplace, Gen III’s USGC facility will result in the elimination of over 725,000 tonnes of CO2 equivalent emissions every year versus current burning and disposal methods. According to the EPA, this equates to:
– The greenhouse gas emissions from over 156,000 vehicles; or
– The CO2 emissions from over 122,000 average households’ electrical use in one year; or
– The carbon sequestered by 12 million tree seedlings grown for ten years; or
– The carbon displaced from the installation of more than 1GWe of solar derived energy.
Gord Driedger, President of Gen III commented, “We look forward to drawing on the extensive resources and experience of Koch Project Solutions, a subsidiary of Koch Engineered Solutions, to maximize the efficiency and value of our projects. We are excited that the Koch Engineered Solutions family of companies are using their considerable resources to advance Gen III’s disruptive renewables business. We look forward to working together to drive change in the way used motor oils are cleaned and re-processed into high grade Group II+ and Group III based lubricants that meet today’s transportation sector needs and reduce vehicle emissions.”
“Gen III brings an innovative approach to waste oil re-refining, focused on the production of the highest quality base oil lubricants which are well suited for modern vehicles,” said Paul Switzer, president of Koch Project Solutions. “As part of Koch Engineered Solutions, we are well positioned and excited to bring our expertise to deliver superior performance and to help Gen III realize its vision. Koch Project Solutions supports innovation that creates greater value from underappreciated resources.”
About Gen III
Gen III is a cleantech company that is building sustainable green projects with compelling economics, without relying on government subsidies. Gen III owns a portfolio of patented technologies that enable used motor oil (“UMO”) re-refineries to produce a higher value product mix of base oils than traditional methods, including 55% Group III. For more information about the Company, please visit http://www.geniiiesg.com.
About Koch Project Solutions
Koch Project Solutions is built on more than half a century of proven performance. As a Koch Engineered Solutions company, we work as problem solvers and capability builders for industrial customers. Koch Engineered Solutions operates in 25 countries with 4,000 full-time employees at 56 global engineering and sales offices, and 17 manufacturing facilities.
KES is a division of Koch Industries. In their long history, Koch companies have been granted about 10,300 patents, and have earned more than 1,300 awards since 2009 for safety, environmental excellence, community stewardship, innovation and customer service. For more information about the Company, please visit http://www.kochind.com/companies/koch-engineered-solutions.
On Behalf of the Board of Gen III Oil Corporation
“Greg Clarkes”
Greg Clarkes
Chief Executive Officer
For further information, contact Mark Redcliffe at (778) 668-5988
Comment by Jon - BMR — March 29, 2021 @ 7:10 am
Hey Jon have you heard any updates from NLR? A lot of shares got sold today 🙁
Comment by schiffwasright — March 29, 2021 @ 12:42 pm
Just nervous nellies on the Gold side, Schiffwasright; NLR starts drilling on drill permitted northern part of claim package shortly, where there is excellent opportunity for discovery…
Comment by Jon - BMR — March 30, 2021 @ 6:39 am