In an otherwise “sane world” why would a local Government assist a foreign Government in making their location an “attractive place to do business” and resulting in having manufacturing jobs killed off at home and move to that foreign Government’s location?……………but then this isn’t a “sane world” is it?
Ontario sells off surplus energy to the U.S. at a highly discounted price and even PAYS the U.S. at certain times to take our electricity when supply is excessive. To add insult to injury, then the Ontario Government forces it’s own consumers to pock up the tab for that loss on their Hydro Bills, even though we can’t afford it!
This is the “legacy of lost jobs and crippling debt” that this present and past leadership is leaving with us for our children and their children to deal with for many decades to come!
And why is this leadership still functioning?……………First person to ask here is Andrea Horwath who is propping up this foul excuse for a leadership and ask WHY?
Last updated Tuesday, Mar. 18 2014, 9:16 PM EDT
For businesses in Brockville, the attempt to lure them over the border wasn’t new. But the pitch was.
Earlier this winter, manufacturers in the Eastern Ontario community received a letter reminding them that their province’s industrial electricity rates were projected to rise by 33 per cent over the next five years, and 55 per cent by 2032.
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“As a hedge against these increases,” it suggested, “setting up an operation just across the border in St. Lawrence County, New York, may be a competitive strategy you should consider.”
Such overtures, if not in written form then made more casually, are becoming increasingly common in Ontario. While they may not find immediate takers, they are emblematic of the mounting economic threat from an energy-cost trajectory that – following a series of questionable policy decisions – the province now seems powerless to do much about.
Owing mostly to a combination of overdue investments in infrastructure, phasing out coal and an ill-fated gamble on green energy, soaring power rates have already greatly increased the cost of doing business in Ontario. That’s particularly true for those in the troubled manufacturing sector. In a report last month, the Association of Major Power Consumers of Ontario (AMPCO) alleged that the province now has “the highest industrial rates in North America”; per that report, prices are currently 37 per cent higher than in neighbouring New York for the province’s biggest industrial users, and 68 per cent higher for smaller ones.
Adding insult to injury is that, because an excess of energy supply has come online at a time of decreased demand, Ontario is currently selling surplus power to New York and other neighbours at a steeply discounted rate….