“In other words, renewables are not economic on their own – they require subsidies. These subsidies are a major part of the “investment” trend for renewables.”
Globe and Mail: Corporate welfare is costly, even when it’s green, December 13, 2018
Multiple headlines in the past several weeks have highlighted how government subsidies to major corporations did nothing to stem factory closings and job losses. They include Bombardier Inc.’s announcement of 5,000 layoffs despite at least $5-billion in federal and Quebec subsidies. Then General Motors Co. announced it was laying off 14,700 people across North America. That came despite tax dollars going to the automotive sector: $3.7-billion in Canada and US$16.6-billion in the United States, stemming from the 2008-09 government bailouts.
Now switch gears and look at favourable headlines…
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