The dark side of green energy
The McGuinty government literally bulldozed its own regulatory regimes, charged ahead without cost-benefit analysis or business plans, refused to allow cost-cutting alternatives that would have saved ratepayers at least $8-billion and generally allowed the green-industry lobby to dictate the structure of the province's electricity sector in its favour.
December 6, 2011
by Terence Corcoran
in Financial Post
When governments dream, taxpayers pay
In the annals of Canadian green energy policy, nothing stands out like Ontario's headlong rush into becoming a world leader in the business. In the belief that politics can defy economics, politicians all over the world are making the big bet that they can overturn the hard rules of supply and demand, the role of prices and the limits of innovation by pushing the right policy buttons.
There isn't a jurisdiction in Canada, from provinces funding carbon sequestration to Ottawa's biofuels program, that hasn't spent millions and even billions to reshape the world in the image... [continue via Web link]