Ontario

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A place to discuss all the news and events taking place in the province of Ontario, Canada.

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submitted 1 month ago* (last edited 1 month ago) by n3m37h@sh.itjust.works to c/ontario@lemmy.ca
 
 

A company that nets $20 billion in revenue, recieved 44.3 million from Canadians, 20 Mil from Ontario

Once again... WHY?!?!

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Delete (www.cbc.ca)
submitted 1 month ago* (last edited 1 month ago) by n3m37h@sh.itjust.works to c/ontario@lemmy.ca
 
 

A company that nets $20 billion in revenue, recieved 44.3 million from Canadians, 20 Mil from Ontario

Once again... WHY?!?!

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A company that nets $20 billion in revenue, recieved 44.3 million from Canadians, 20 Mil from Ontario

Once again... WHY?!?!

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The government of Ontario estimates nearly a quarter of a million people — roughly three of every 200 residents — are homeless, according to information contained in a housing ministry document.

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Was surprised they published it

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Doug Ford is the Progressive Conservative premier of Ontario; and brother of the late Rob Ford, a mayor of Toronto.

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Sure sure we believe you! that you'll willingly share your EXTRA EXTRA profits with the consumers sure!

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After breaking ground in 2023, the company building a plant to produce battery components for electric vehicles in a municipality near Kingston, Ont., says it's delaying construction of the plant citing a slowdown in EV sales.

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The head of the LCBO is managing a public crown corporation at the same time as he sits on the board of a big business lobby group that is actively lobbying Doug Ford’s government to privatize alcohol sales.

George Soleas, the President and CEO of the Liquor Control Board of Ontario, a public crown corporation that generates $2.5 billion in revenue for Ontario taxpayers each year, also currently serves on the board of directors of the Retail Council of Canada.

The Retail Council of Canada, which bills itself as “the Voice of Retail™ in Canada,” is actively lobbying the Government of Ontario to privatize alcohol sales. The lobby group has recently been quoted in press releases issued by Doug Ford’s government endorsing their plans to privatize alcohol sales.

According to lobbying records, the RCC was lobbying provincial government ministries earlier this year on “the future of alcohol policy” – specifically on “how to increase choice and convenience for consumers.”

The Retail Council of Canada’s members include big corporations that would gain a substantial financial benefit from privatizing alcohol sales, including Loblaws, Sobeys, Metro and Walmart.

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[Using Ontario tax dollars,] Enbridge Gas is starting construction of its $358-million natural gas pipeline in southwestern Ontario, which critics say “doesn’t even make economic sense” given the need to transition away from fossil fuels.

advocates criticized the investment in the new gas pipeline, arguing that it contradicts climate goals and is economically unsound.

“This is a bad investment,” said Keith Brooks, programs director at Environmental Defence.

“The science is clear. In a world that limits climate change to 1.5 degrees, there is no room for new fossil fuel infrastructure like a gas pipeline that costs over a third of a billion dollars. This project doesn't even make economic sense.”

Brooks noted the project relies on a 40-year revenue model, which he believes is unrealistic given the current energy transition. He pointed out that it is being subsidized by $150 million from existing gas users.

“It will likely cost all of Ontario's gas customers even more when it winds up a stranded asset and doesn't generate the revenue that Enbridge is banking on.”

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