Ontario’s Green Energy Plan 1,369 meg...

Ontario’s Green Energy Plan 1,369 megawatts for $6 Billion

Posted in the North York Forum

Since: Aug 08

Toronto Canada

#1 Jun 24, 2013
$1 Billion cost from Ontario taxpayers’ revenues over and above a $5 Billion Samsung investment producing 1,369 megawatts of green power down from 2,500 megawatts. At the consumer and taxpayer buyback energy cost of $6 Billion over 20 years and 900 green energy jobs protected only until 2016.

At a taxpayer cost of $6 Billion for 1,369 megawatts of green power down from 2,500 megawatts from $1 Billion tax revenue dollars to secure the Samsung reduced investment of $5 Billion from its'(Samsung's) original $7 Billion investment with the liberal political party government for an energy program as now propped up by unionized labour’s political party wing and movement the NDP!

$6.7 Million is the cost for every ONE job created under the Ontario government’s liberal-NDP coalition political party government through their acceptance of the downsized amended Samsung investment in the liberal party’s green energy program as originally reported by Antonella Artartuso, Queens Park Bureau Chief for the Sun Media Corporation.

Liberal party premier Kathleen Wynne and former liberal Premier McGuinty’s political energy deal with Samsung was going to create 16,000 new green energy jobs at taxpayer energy buy back cost of $9.7 Billion for an original investment of $7 Billion by Samsung!

Resulting in a $2.7 Billion taxpayer cost in securing a $7 Billion Samsung energy investment in Ontario for a possible 16,000 green energy jobs!

However as of today this taxpayer funded investment cost of $2.7 Billion has resulted in only 641 jobs.(401 jobs at CS wind, 200 jobs at Siemens and 30 jobs SMA Solar as reported by Antonella Artuso, with thanks)

Now, Samsung’s reduced investment shall be $5 Billion for those originally proposed 900 green jobs with the taxpayers being on the hook for a reduced energy buyback cost of $6 Billion?

A $6 Billion taxpayer funded cost to secure a $5 Billion Samsung energy investment and 900 green energy jobs that are protected only until 2016? With the politically estimated possibility of some 9,000 temporary construction jobs reduced from the original estimate of 16,000!

That works out now costing the taxpayers $6.7 Million for every ONE new green energy job from the 900 to be created by this downsized Samsung investment of $5 Billion at a taxpayer energy buyback cost of $6 Billion. With these 900 new green energy jobs to be protected only unit 2016!

That is the jest of the liberal-NDP coalition energy plan that the liberals brag is “a good deal for ratepayers” and their NDP collation political partners defend as “obtaining significant gains for the public”?

You as informed taxpayers, voters and possible voters must decide!

Let’s recap so that we all readily understand just what this Ontario liberal-NDP coalition political party government movement has decided!

900 green energy jobs shall cost $6 Billion to taxpayers in energy buyback costs a downsized Samsung investment of $5 Billion as a green energy investment in Ontario with the possibility of perhaps 9,000 temporary green energy jobs!

Thus instead of the political possibility of 16,000 green energy jobs at a taxpayer cost of $9.7 Billion (green energy buybacks) the liberal-NDP coalition political party government has decided that the original 900 green energy jobs shall now cost $6 Billion (energy buyback costs) over the next twenty years from Samsung for Samsung's $5 Billion downsized investment in Ontario for the political temporary green jobs estimated to now possibly only 9,000 down from the original 16,000?

In other words $6.7 Million taxpayers’ fork out for every ONE green energy job out of the total 900 jobs!

This Ontario liberal-NDP coalition political party government movement continues to lack accountability, transparency, and ethics along with any moral right to continue governing.
Considering all current and past scandals and mismanagement coupled with the current lack of meaningful legislative oversight, in my opinion.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

North York Discussions

Title Updated Last By Comments
News In a class of 300, they were the only two black... 18 hr Detective Fales L... 1
News Voted by you: Bayview Ave the worst road in Tor... May '16 how r things there 1
News Settling in Canada May '16 lopi 1
News Dashcam video captures out-of-control Toronto d... May '16 lots seen every day 1
News Seven children taken to hospital after truck re... May '16 Acton uses road cash 1
News Toronto's 10 Most Profitable Fire Hydrants in 2015 May '16 ENTERPRISE FRAUD 2
News It took this buyer a few months to buy a Toront... Apr '16 GTA 1
More from around the web