Ontario Tories vow to kill green energy deal

[mentalfloss]

Ontario Tories vow to kill green energy deal

Ontario Progressive Conserva-tive leader Tim Hudak said Tuesday in a speech that he will kill the $7-billion Samsung green-energy deal with the province if elected premier Oct. 6.

"An Ontario PC government will end the sweetheart Samsung deal," Hudak said.

Ontario families' annual hydro bills are forecast to rise by $732 a year within the next four years, Hudak said, largely from the goverment's FIT - or feed-in-tariff-program.

Read more: Ontario Tories vow to kill green energy deal


Regarding the deal itself..

Premier Dalton McGuinty has signed a landmark agreement with a South Korean consortium that will see $7 billion invested in Ontario to create 16,000 new jobs over six years.

As first disclosed by the Star last fall, Samsung C and T and the Korea Electric Power Corporation will build wind turbines and other green energy equipment in Ontario.

That will mean four new factories and some 1,440 manufacturing jobs.

The South Koreans hope to generate 2,500 megawatts of wind and solar power and provide clean electricity to 580,000 households.

McGuinty heralds Samsung green energy deal - thestar.com


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[weaselwords]

Hudak should learn to think before he speaks, he should be asking to look at a copy of the Samsung contract & have an idea of the cost of breaking it. In the same news conference he complains of gasoline pricing and that he'll do "something" for families. Wht even bother bringing it up when all he can come up with is a nebulous "something". The Federal Conservative braintrust better make a B-line to Toronto & school Hudak.

 

[DaSleeper]

If only those greenie schemes were cost effective instead of the costing more for the consumer:roll:

 

[mentalfloss]

If only those greenie schemes were cost effective instead of the costing more for the consumer:roll:

In the short term this will cost a bit more. In the long term though, we create jobs, infrastructure and sustainable resources.

Being greedy now is going to screw us over later.

 

[shadowshiv]

There are windmills everywhere in Southern Ontario. They are massive eyesores and all of the money/energy is not even going to be given to us! This was a bad idea by Dalton McLiar(of course, when has he ever had a GOOD one?) and I hope that there will be a resolution that benefits us sooner rather than later.

 

[Machjo]

If only those greenie schemes were cost effective instead of the costing more for the consumer:roll:

We don't even need such greenie schemes. Raise the gas tax, cut income taxes including corporate taxes, and then let the market figure it out. High gas tax, low income tax. Hmmm... maybe we should hire more people (low income tax) to build us solar panels so as to reduce our gas consumption (high gas tax)?

Does it really need to be more complicated than that?