I won’t even pretend to understand all the ins and outs of this single-sourced deal with Samsung but my spidey sense tells me this is just another questionable decision by Dalton McGuinty that is going to cost us poor taxpayers big bucks one way or another.
PC Leader Tim Hudak feels that this should be vetted by the provincial auditor general. He warns that the Samsung ’sweetheart deal’ will cost taxpayers $330k per job.
Adam Radnwanski tells us it’s likely about wanting to pull one over on gullible Ontario residents the messaging.
I don’t know about you but I just don’t need anyone else picking my pocket and Dalton is the worst culprit!
Thoughts?
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Related
Ottawa warns provinces will be cutting back, too – Ottawa Citizen
Quebec says it’s ahead of the curve - Globe:
Quebec is emerging from the recession in far better shape than most economies, says Premier Jean Charest, adding that he can avoid slashing government programs and elude major tax increases yet still achieve a balanced budget in four years…
Oh good. So what about those equalization payments, Jean?
‘Dalton Days’ still in mix for Ontario public unions – Ottawa Citizen
Win for Ontario in Samsung deal – Ontario Liberal Party Press Release Toronto Star editorial
First we had two-tier policing and now it’s a two-tier energy market:
…The generous deal announced Thursday has drawn fire from solar and wind proponents, who complain the province has undermined a once equitable marketplace.
“This throws the whole sector into turmoil,” said David Butters, president of the Association of Power Producers of Ontario. “Now we’ve got two classes of people: Samsung, and those who are left behind.”
Ah yes. The folks in Caledonia know how you feel.
More Ontario companies feeling as if they’ve been thrown under the bus by Dalton Quixote: Samsung deal upsets homegrown competitors – Star:
…[President of Pro-Power and Energy Ltd. Jeff] Andrews is clearly frustrated. “We are the Ontario story. I know that sounds cocky, but we are. Our technology was developed and proven here in Ontario by Ontario residents. The patents were established here in Ontario.”
McGuinty justified the deal Thursday as a way to accelerate Ontario’s green economy, by drawing an “anchor tenant” that can stimulate jobs and exports much more quickly. The alternative, he said, is to “hope” our industry of smaller players will grow over time while the province misses out on export opportunities to a U.S. green-energy market ready to explode.
Ian MacLellan, vice-chairman of solar-cell manufacturer Arise Technologies Corp. in Waterloo, said that kind of thinking doesn’t work in the long run. “If you took that approach looking back 30 years to Silicon Valley, they would have funded Xerox and not talked to Steve Jobs.”
Dalton’s big green gamble – Toronto Sun:
...But as energy consultant Tom Adams cautioned, even where green energy manufacturing has succeeded in countries like Denmark, it still has to be heavily subsidized.
“The idea that we’re going to repeat the Danish success by following the same model here assumes that electricity consumers are prepared to put up with this kind of (subsidy) craziness for the long term, and I don’t see it,” Adams told The Canadian Press. “This idea that there’s going to be 50,000 green jobs is just a crazy fantasy that has no bearing whatsoever in reality.”
But Dalton just keeps on tilting at windmills – at our expense.
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Update
Please join the FUddle Duddle Dalton McGuinty Facebook Group! —-> FUDM-11
McGuinty Liberals fear green-deal backlash – Star
Deal turns Ontario into Third World province - Randall Denley:
…Dalton loves the deal because it makes it look like he’s doing something. If other foreign companies want to line up to take Ontarians’ dollars, our premier is “all ears,” he says. No doubt, but it’s what’s between the ears that’s the problem.
Don’t protect us from our cash: Goldstein – Lorrie Goldstein
Persichilli: Dalton McGuinty’s shuffle is missing a few key cards – Star
Terence Corcoran: Ontario puts $10B in the wind – Post:
…The Samsung agreement will also squeeze out other wind and solar power producers from the market, thus eliminating competition and fairness from a power market already grotesquely distorted by the Green Energy Act and the Feed-in Tariff scheme. So not only will the McGuinty energy regime plunder cash from electricity consumers, it will compound the economic mess by squeezing other energy producers.
That’s green energy in action: subsidies, distortion, trade battles, fake job creation and back-room political deals.
A messy deal for clean energy – The Record:
…So, Samsung will be paid the feed-in tariff rate for so-called green energy of 13.5 cents a kilowatt hour for its wind power and 44.3 cents a kilowatt hour for the solar power it generates. Those numbers are far in excess of the current market price of 3.31 cents a kilowatt hour for electricity and will add billions of dollars to the province’s energy bills in the coming decades even though Samsung will produce only 4 per cent of Ontario’s electricity.
But there’s more: Over the 25-year-life of this deal, Samsung gets $437 million in special incentive payments in addition to the feed-in tariff. That hasn’t been offered to anyone else and will cost every electricity customer in Ontario an extra $1.60 a year on his or her bill. When you add it all up, Samsung is guaranteed about $25 billion from Ontario hydro consumers over the life of this deal.
If the costs of this agreement are scary, the process that produced it was shameful: There was no public tendering for the production of clean electrical energy. There was no call for bids from Ontario’s renewable energy producers…