Hydro Worth More than Jobs in McGuinty’s Ontario
According to Iroquois Falls Mayor Gilles Forget, the proposed sale puts in question the long term viability of the pulp and paper mill. “Abitibi’s mill in Iroquois Falls is competitive because it has access to a cheap and assured supply of power from the dams. Selling the dams will threaten the long term viability of the mill, which is one of our town’s largest employers.”
“In Dalton McGuinty’s Ontario, exorbitant hydro rates make companies such as Abitibi uncompetitive. They can’t operate their mill, so they’re selling off their hydro dam,” said Hillier. “These are the consequences of the Green Energy Act. This is what happens when poor policy is pushed through as legislation without thorough consideration of its repercussions.”
This is just another example of how the McGuinty Green Energy Act has wreaked havoc on Northern Ontario. Skyrocketing hydro prices have quite literally priced these businesses out of the market. Increasing hydro prices and overregulation have forced over 60 mills to be shut down in Northern Ontario, a loss of over 40,000 forest-sector jobs.
“It appears that the Abitibi Mill in Iroquois Falls could potentially join a long list of other mills across Northern Ontario to shut down thanks to the Premier’s energy and forestry policies,” said Hillier. “In the Ontario we currently live in, it appears Premier McGuinty has raised hydro prices so high that the cost of hydro outweighs the value of a job.”