The Trudeau government has made transport electrification a shining star of industrial policy.
With these “investments” and this technology-picking, Ottawa is gambling with taxpayer money, provincial economies and the broader Canadian economy. Because government has no secret knowledge of whether or not markets for these goods will appear. Yes, it appears that wind/solar power and electric vehicles are the wave of the future. They have been before, as recently as 2010 — just before they flopped, and governments who had invested in them lost their taxpayer “investments.
Finally, both of these efforts are long-term investments based on long-term predictions of the future of power generation, and mining is risky business. Metal and mineral commodities are just as prone to boom-bust cycles as fossil fuels, but because these resources are being developed to serve government priorities, they’ll be subject to the government’s inclination to cling to its “investments” regardless of market developments.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Former Trudeau advisers call for public inquiry into China’s election interferenceNon-partisan inquiry would provide an ‘objective’ examination to determine how extensive Beijing’s operations have been, former national-security aide says
Lire la suite »
Trudeau, Ford set to make an announcement in Toronto-areaPrime Minister Justin Trudeau and Ontario Premier Doug Ford are set to make an announcement in the Greater Toronto Area on Monday afternoon.
Lire la suite »
Morning Update: Former Trudeau advisers call for public inquiry into China’s election interferenceNon-partisan probe necessary to determine how extensive Beijing’s operations have been, ex-national-security aide says
Lire la suite »
LILLEY: Trudeau's record of bad judgment shows why he can't lecture anyone elseHe\u0027s funded racists and antisemites, he invited a man convicted in a terror attack on a trip, his MPs have met people with shocking views.
Lire la suite »
Trudeau, Ford make a joint announcementPrime Minister Justin Trudeau and Ontario Premier Doug Ford are set to make an announcement in the Greater Toronto Area on Monday afternoon.
Lire la suite »