$6.7 Million Taxpayer Cost for Every One Job Created by Ontario’s Green Energy Plan

Another scandal and waste of taxpayer’s money thanks to the Ontario Liberal party’s government as it continues to be propped up by Ontario big labour movements and unionized workers party the NDP party!

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

A $2.7 Billion taxpayer cost to secure a $7 Billion Samsung energy investment in Ontario for 16,000 green energy jobs!

Now, Samsung’s reduced investment is $5 Billion for the 900 green jobs with the taxpayers on the hook for an energy buyback of $6 Billion?

A $6 Billion taxpayer cost to secure a $5 Billion Samsung energy investment and 900 green energy jobs?

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

Let’s recap for all to understand that the Ontario liberal-NDP coalition political party government has now decided that 900 green energy jobs shall cost $6 Billion to taxpayers in energy buyback costs over the next twenty years for a downsized Samsung investment of $5 Billion as a green energy investment in Ontario? 

A $6 Billion taxpayer cost to secure a $5 Billion Samsung energy investment and 900 green energy jobs?

Instead of 16,000 new jobs at a taxpayer cost of $9.7 Billion in green energy buybacks this Liberal-NDP coalition political party government has decided that 900 green energy jobs shall now cost $6 Billion in energy buy back costs over the next twenty years from Samsungs $5 Billion downsized investment in Ontario?

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

This Ontario liberal-NDP coalition political party government lacks, accountability, transparency, 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.  

Former News Releases Ministry of Energy

New Ontario Government Strengthens Energy Planning

Communities Will Be Engaged in Regional Energy Plans

http://news.ontario.ca/mei/en/2013/05/new-ontario-government-strengthens-energy-planning.html

http://news.ontario.ca/mei/en/2010/11/energy-backgrounder-1-november-23-2010.html

http://news.ontario.ca/mei/en/2008/09/energy-plan-to-strengthen-green-ontario.html

Sources:

http://www.thestar.com/business/economy/2013/06/20/samsung_green_energy_deal_slashed.html

http://www.torontosun.com/2013/06/20/ontario-renewable-power-deal-with-samsung-downsized