There is no subsidy pot of gold going to oil and gas companies that can be diverted to renewable energy ventures
By Mark Milke and Lennie Kaplan Canadian Energy Centre When the issue of taxpayer subsidies for energy comes up – oil and gas and renewables alike – the public, policy-makers and media could be forgiven if they feel like they’re drowning. Endless decimal points and numbers that run into the trillions can make it near…
Centerra is being held hostage by Kyrgyzstan but, fortunately, it is no longer part of a Crown corporation so taxpayers aren't on the hook
Centerra, a mid-size Canadian gold-mining company, is engaged in a legal and political dispute with the government of Kyrgyzstan, a former Soviet republic in Central Asia with a chronically unstable and fractious political class and culture. Its main asset, the Kumtor mine, is in that troubled land and the source of roughly half of its…
Fed's bailout marks a return to the airline's status as a stratospheric ward of the state
In early April, the government of Canada announced it would support Air Canada through the rest of the lockdown-induced decline in air travel, with loans and, in a return to its previous status as a stratospheric ward of the state, $500 million in equity capital. It’s understandable that the government would want some chance of…
Government intervention in films and television is both expensive and unwarranted
The much-anticipated Island of Bryan (Season 3) started on HGTV a few weeks ago. The series follows well-known builder and entrepreneur Bryan Baeumler and his family as they try to rejuvenate an abandoned resort in the Bahamas. Baeumler is a successful TV personality from Ontario. And clearly, many Canadians enjoy his shows. But here’s the…
Finance committee voted to give a $2.9 million tax break to a new Porsche(!) dealership
Ottawa Mayor Jim Watson is preparing to take Ottawa taxpayers for quite a ride. Ottawa city council’s finance committee voted to give a $2.9 million tax break to a new Porsche dealership. Ottawa’s municipal politicians are literally planning to hand over millions of taxpayer dollars to a luxury car dealership. And they think this is…
The Trudeau government is raiding our Covid-19 starved pockets to send $36 from each of us to rich dairy farmers
Agriculture and Agri-Food Minister Marie-Claude Bibeau chose a Saturday, hours before a long-awaited federal economic update, to offer more non-COVID-19-related compensation to Canada’s supply-managed farmers. Eighty-one per cent of dairy farmers are located in Quebec and Ontario. Compensation was expected but how it was done was a little strange. Few in the industry knew what…
Despite decades of subsidies by Canadian taxpayers, Bombardier Inc. continues to be mired in a financial crisis jeopardizing its future. The latest humiliation came as the company had to sell its train-making division to pay off a substantial amount of debt due this year. Once a proud symbol of Canadian entrepreneurship, it now is the…
It’s time for the UCP to drop its newfound interest in picking winners and losers
It’s a sad day for taxpayers when their government that has “committed to being responsible stewards of taxpayers’ hard-earned money” starts bragging about its corporate welfare spending. Premier Jason Kenney should immediately scrap the new business subsidy programs his government just announced and go back to focusing on cutting taxes for everyone rather than picking…
Businesses need help, but it’s important to provide the right help the right way. Premier Jason Kenney’s economic strategy has so far revolved around three core principles: lowering taxes, cutting red tape and pushing back against Ottawa. Kenney should double down on these principles to help Alberta recover and stay away from corporate welfare. “The…
Digital technology has, for the most part, been a boon to consumers. Think of how digital technology has enabled Uber to break the taxi oligopolies, Amazon to open up the world of online product choices and Airbnb to deliver affordable alternatives to hotel stays. None of this, however, justifies the use of digital technology to…