The Western Standard
Feds say green energy projects won’t work without subsidies
The department concluded “most projects would not have been financially viable” without aid from a program that cost $1,451,708,000.
Published 2 weeks ago
“The program clearly addresses a market failure,” said the report examined by
Blacklock’s Reporter.
The department concluded “most projects would not have been financially viable” without aid from a program that cost $1,451,708,000.
Auditors examined the program from 2002 to 2019, and found a direct subsidy of a cent per kilowatt hour for energy from solar panels, wind farms, geothermal projects and other green energy programs.
Then-Environment Minister Catherine McKenna in 2018 defended green subsidies as necessary to combat climate change.