While the sale of Hydro One will cost Ontario hundreds of millions of dollars a year, it will give the Liberal government funds to use for pre-election spending announcements in 2018.
Even though privatization was clearly in the planning stages, the provincial Liberals made no mention of it during the last election.
Has Canada become a global laughing stock to the ever-growing numbers of people around the world who understand climate change requires action? Yep!
RBC and Scotiabank will be paid up to $270 million in public funds for selling off 60 per cent of Hydro One.
At a time when the Ontario Liberal government is planning to privatize Hydro One, it's instructive to look back and see what the impact of earlier privatizations has been.
When she ran, Wynne seemed committed to new tolls or taxes -- to expand public transit. Then she backtracked, and decided to sell off parts of Hydro One instead.
The privatization of publicly owned electricity utility Hydro One in Ontario could contribute to the privatization of water and wastewater services, with possible trade implications as well.
Kathleen Wynne and the Ontario Liberals are trying to sell off 60 per cent of Hydro One. Critics say this will negatively affect the already cash-strapped province.
Today, electricity prices in Nova Scotia are higher than in any other province.
As the Ontario Liberals try to sell 60 per cent of publicly owned Hydro One, critics say privatization means trouble for workers, the environment, and an already cash-starved province.