Toronto Sun Editorial
Premier Dalton McGuinty recently challenged PC Leader Tim Hudak to look green energy workers “in the eyes” and tell them “I’m killing your future.” We, challenge McGuinty to do this: Look all Ontario workers in the eyes and tell them why you’re killing three times as many of their jobs through your reckless public subsidy of green energy.
Consider these examples from across Europe, much further down the road on this issue than Ontario.
In April, 2009 economists at Spain’s Juan Carlos University concluded Spain — touted as a global leader in green energy — lost 2.2 jobs in its economy for every green job it created. Only 10% of the green jobs turned out to be permanent.
The estimated cost to taxpayers for every green job Spain created was 571,138 euros ($770,781 Cdn). For every wind industry job, over one million euros ($1,349,554 Cdn).
In May, 2010, researchers at Italy’s Bruno Leoni Institute found, “the same amount of capital that creates one job in the green sector, would create 6.9 or 4.8 if invested in industry, or the economy in general, respectively … green investments are an ineffective policy for job creation … to the extent (they are) aimed at creating employment … it is a wrong policy choice.”
In March, 2011, Verso Economics, studying green energy investments in the U.K. concluded, “the report’s key finding is that for every job created in the U.K. in renewable energy, 3.7 jobs are lost” and that “employment figures cited by those promoting renewable energy are often greatly exaggerated, exceeding official employment figures covering the whole of the energy sector.”
Finally as Canada’s Fraser Institute noted in May, in the face of McGuinty’s claims his green energy policies will create 50,000 jobs by the end of 2012: “The job counts trumpeted by the Ontario government in support of the program are vacuous. Counting the jobs created … is meaningless unless the jobs destroyed … are also considered … the government has failed to take into account the jobs destroyed through higher electricity prices to small businesses and consumers.”
In other words, McGuinty’s election promises on green energy job creation are as reliable as his promises in 2003, 2007 and 2011 not to raise your taxes.