"The overall effect of the GEA will be to increase unit production costs, diminish competitiveness, cut the rate of return to capital in key sectors, reduce employment, and make households worse off"
- Ross McKitrick
The handy thing about the Ontario Liberals’ spectacular mishandling of the energy file, as an example of poor governance, is that there is really something for everyone.
A shameless political decision that came with a significant cost to the treasury? Hello, gas-plant cancellations."
The handy thing about the Ontario Liberals’ spectacular mishandling of the energy file, as an example of poor governance, is that there is really something for everyone.
A shameless political decision that came with a significant cost to the treasury? Hello, gas-plant cancellations.
A deliberate attempt to obscure the cost of those decisions by releasing only partial numbers? Testimony before the justice committee this week has shown the Liberals knew the $40-million cost of the Oakville cancellation that the former energy minister had insisted was the only true cost, in fact, referred only to sunk costs, and that the final bill would actually be much higher.
A punitive impact on taxpayers? The Ontario Energy Board announced last week that electricity rates will rise again on May 1, continuing a trend in which residential rates are expected to double over a 10-year period.
And, at the root of it all is the 2009 Green Energy Act...
Article any source
No comments:
Post a Comment