- The Auditor-General leaves little to the imagination in his incisive dissection of the government’s top-down, to-hell-with-economics power trip. Even the Cabinet appears to be an after-thought.
- In a pointed note at the beginning of comments on renewables, the AG highlights the wilful neglect that continues to dominate electricity policy. “We did not rely on the Ministry [of Energy]’s internal audit service team to reduce the extent of our audit work because it had not recently conducted any audit on renewable energy initiatives.
- No economic analysis or business case had been prepared.
- In the belief that politics can defy economics, politicians all over the world are making the big bet that they can overturn the hard rules of supply and demand, the role of prices and the limits of innovation by pushing the right policy buttons.
- For a decade to come, Ontario will likely have surplus electricity. Under contracts signed with green-energy producers and others, the government will pay electricity generators billions of dollars to not produce electricity.
- Mr. McGuinty’s green dream has rapidly become an $8-billion nightmare for Ontario taxpayers and electricity users. Almost no new net power will be generated by all the green-energy projects hastily funded since the bill was passed, but the average residential consumer will see more than $400 a year added to his power bill for a decade to pay for all the bad contracts with and subsidies to eco-friendly power suppliers.
- ...the whole scheme was largely designed by environmentalists and green-industry lobbyists — “stakeholders” in the government’s euphemistic rhetoric.
Rex Murphy discusses how the situation in Ontario happened. He concludes:
- Green is the easiest virtue. All it takes in most cases for politicians is simply to say the word often enough and whatever they propose — for a time — gets a pass.
- ...that’s where this green obsession leads. It promotes a policy on its moral virtues, not on its real-life impact.
- It also has one other feature that politicians are totally unable to resist: Being totally green, they are able, for once, to posture as forward thinking, daring, innovative — even risk-taking — leaders, champions of the Earth, saviours of “the children.” They get to play Superman and Boy Scout at the same time.
Sometimes a picture really is worth a thousand words.