From Rebel News
“The CEO of a green energy
firm that has yet to turn a profit despite millions in subsidies yesterday
thanked the Commons finance committee for taxpayer grants.
“I don’t see this as a subsidy,” said Steve Oldham, CEO of Carbon Engineering Ltd. of Squamish B.C. “I see this as strategic support for early-stage companies that have got great ideas.”
“Carbon Engineering,
founded in 2009, will not be profitable until “roughly 2023, 2024” and has
fewer than a hundred employees, said Oldham. The company since 2011 was paid
$36.8 million in federal grants from the Department of Industry, Department of
Natural Resources, National Research Council, Natural Sciences and Engineering
Research Council and others. The Government of British Columbia awarded the
company $3.75 million four years ago for total subsidies of $40.6 million.”
“We expect the first plant will make us profitable,” Oldham
said. The plant will be constructed near Midland, Texas.
Canadians are paying higher taxes on our food, utilities,
heating, and fuel for our cars through a carbon tax so that energy recipients
of subsidies in Canada can promise to be profitable somewhere else, where gas
and groceries and taxes are cheaper.
Midland, Texas
is Oil Boom Town USA, where unemployment today is around 2.1 per
cent thanks to oil and gas and yet, one of
America's hottest economies is going to get the jobs Canadian taxpayers are
subsidizing with millions.
Midland has no carbon
tax and no state income tax. It sounds great,
actually. No wonder the region attracts businesses.
These green energy companies are advocating for higher taxes on
Canadians, then they take our tax money and spend it where their bad ideas
don’t exist.
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