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Ontario's iron-fisted energy model
At the G20 Pittsburgh summit, Canada endorsed a commitment to end subsidies to fossil fuel industries and step up subsidies to renewable energy sources. "We commit to...stimulate investment in clean energy, renewables, and energy efficiency," said the leaders. If anybody wonders what stimulating clean and green energy programs might mean to economic policy, a working model comes into effect today in Ontario.
October 1, 2009
by Terence Corcoran
in Financial Post
At the G20 Pittsburgh summit, Canada endorsed a commitment to end subsidies to fossil fuel industries and step up subsidies to renewable energy sources. "We commit to...stimulate investment in clean energy, renewables, and energy efficiency," said the leaders. If anybody wonders what stimulating clean and green energy programs might mean to economic policy, a working model comes into effect today in Ontario.
Billed as a North American first, the new Ontario green energy plan involves imposing hidden taxes on electricity consumers to fund an industrial strategy based on government directives, subsidies and trade protectionism -- all for the benefit of a... [continue via Web link]
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