Corporate Welfare & Renewables

“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

Mothers Against Wind Turbines Inc.

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…

View original post 134 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s