“The theory is that if new industries that are not competitive are subsidized they will eventually mature and be able to function on their own. The problem with that theory is that kids never grow up and leave home.” ~Dr. Glenn Fox
By John Phair, Today’s Farmer
GUELPH – An economist at the University of Guelph says if Ontario’s experiment with green energy is similar to what’s happened in the European Union (EU), the province can look forward to higher taxes, a net loss of jobs, and little difference in terms of green house gas emissions.
Speaking at the Canadian Association of Farm Advisors’ annual conference on June 2, Dr. Glenn Fox said the economic model for Ontario’s Green Energy Act is not sustainable and has many implications for rural Ontario. Read the entire article here