As politicians push for expensive Green energy, stories about soaring costs and a lack of promised jobs are abounding. Now Canada’s Financial Post reports that a scathing internal audit of Ontario’s Green energy program reveals waste and abuse that makes the Solyndra scandal look mild. Apparently, Ontario’s Liberal government charged ahead with a Green energy plan in 2009 that didn’t allow cost-benefit analysis or cost-cutting alternatives that would have saved ratepayers at least $8 billion. Contracts are now locked in for renewable energy the province doesn’t need, companies are being paid billions not to produce electricity, and rates, which already skyrocketed 65% in the last decade, are due to rise another 46% in the next four years.
February 13, 2012 by CFACT,
CFACT defends the environment and human welfare through facts, news, and analysis.