Ontario is reeling. The “Ontario Green Energy Program,” introduced four years ago by then-Ontario Premier Dalton McGuinty’s Liberal government, has proved to be an utter disaster. A public inquiry has brought to light the sheer size of this white elephant.
The consequence of going all-out green will cost the average Ontario family an extra $636 a year by 2018 , a 42% jump in electricity bills over the next five years. Independent analysts are pegging the additional costs at $16 billion today, $23 billion by 2016. This in a province that is already $273 billion in debt! “Trying to save the future has created an economic disaster in the here and now, for our children and our grandchildren,” summed up one commentator.
Ontario industry is paying more for power than almost any other jurisdiction in North America. Any wonder manufacturing and food processing companies are leaving Ontario? Any wonder it’s so tough to find a job in Ontario? Read article