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Learn from Ontario’s green energy fiasco  

A series of highly critical reports from the province’s Auditor General on the government’s green energy program have led many beleaguered taxpayers to conclude wind turbines and solar panels don’t run on wind and the sun so much as on public subsidies, and only for as long as the subsidies last.

Credit:  Postmedia Network | Toronto Sun | July 31, 2017 | www.torontosun.com ~~

When it comes to carbon pricing and greenhouse gas reduction schemes, Canada has seen the future and it’s in Ontario.

Problem is, it’s a mess.

After boasting for years about closing the last of Ontario’s coal-fired electricity plants in 2014, Premier Kathleen Wynne’s Liberal government is now a not-so proud co-owner of one of the largest coal-fired electricity plants in the United States.

This after it sold control of Hydro One, the province’s electricity transmitter, to the private sector for a quick fix of money to fulfill Wynne’s 2014 election promise to balance Ontario’s cash-strapped books in 2017-18.

Meanwhile, 340 workers at a Siemens Canada wind turbine blade manufacturing plant in Tillsonburg, Ont., just lost their jobs.

The plant was one of four set up under the province’s ill-advised and since dramatically downsized multi-billion dollar green energy deal with South Korea’s Samsung corporation.

A series of highly critical reports from the province’s Auditor General on the government’s green energy program have led many beleaguered taxpayers to conclude wind turbines and solar panels don’t run on wind and the sun so much as on public subsidies, and only for as long as the subsidies last.

Wynne’s cap-and-trade carbon pricing scheme, which started Jan. 1 and which she made no mention of imposing in the last election, will be taking almost $2 billion annually out of Ontarians’ pockets, according to the government’s estimates.

This while Ontarians are saddled with the highest electricity prices in Canada, which have doubled in the past decade.

Desperate to get re-elected in an election she must call by June, 2018, Wynne will now subsidize hydro rates by $24 billion for the next four years.

Already the most indebted sub-sovereign borrower in the world, Ontario will borrow between $21 billion and $93 billion more to finance this, according to the province’s Financial Accountability Officer.

On Monday, Ontario Climate Change Minister Glen Murray announced he’s quitting politics to head an environmental think-tank.

But that’s a footnote to Ontario’s long, painful and expensive experience with green energy, a cautionary tale of what not to do, which will at least have some value if other provinces learn from its mistakes.

Source:  Postmedia Network | Toronto Sun | July 31, 2017 | www.torontosun.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

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