Liberals Admit Failure on Samsung Deal

Today’s announcement that the Wynne Liberals have abandoned their original sole-sourced multi-billion dollar Samsung renewable energy contract is further proof their energy policy is a dismal failure, Nipissing MPP and PC Energy Critic Vic Fedeli said today.

The original Samsung agreement committed Ontario to more power than all of Niagara Falls combined. But even under the new terms, we’ll be paying rich subsidies for nearly 500 industrial wind turbines, Fedeli added.

“This is a prime example of the poor energy planning the Liberals have exhibited through their Green Energy Act, something the Auditor General highlighted in his 2011 report along with the fact every green job created kills two to four other jobs in other sectors, ” Fedeli said.

“The end result of this Liberal incompetence is that our hydro rates have more than doubled in the past decade, and we’ve paid our neighbours billions of dollars to take our surplus power, helping them to compete against Ontario for jobs and investment.”

Fedeli says the Liberals still have Ontario families and businesses on the hook for billons of dollars of richly subsidized power that we don’t need. The last 18-month provincial energy outlook states the Liberals still plan to bring another 3,300 megawatts worth of expensively-subsidized renewable energy online by fall 2014, Fedeli noted.

“What the Liberals announced today is an admission of what we’ve been saying all along — that FIT-subsidized renewable energy is indeed driving up hydro costs for Ontario families and businesses.”

This is proof nothing has changed with this Liberal government, said Lisa Thompson, MPP for Huron-Bruce and PC Deputy Energy Critic.

“Kathleen Wynne is continuing the same failed energy policy of Dalton McGuinty,” said Thompson.

“We are in the midst of a jobs and economic crisis and this government is still giving Samsung $6 billion to create a maximum of 900 temporary jobs? Where is the return on investment on that?”

The Liberals need to answer a number of questions regarding the terms of this renegotiation, many of which are eerily similar to those surrounding the Oakville and Mississauga gas plant cancellations, concluded Fedeli.

“Will we have to pull teeth to get the answers on this rejigged Samsung deal just as we’ve had to do with the gas plants?” asked Fedeli.

Source: Ontario PC

For more information on: Ontario PC