Well I saw this online in the.... Star today (lefty paper)
All the Greenies have been saying that green jobs is the place you want to be... but as many have pointed out here in this forum, green is not a money maker
ll we know about this deal, negotiated in secret and announced as a fait accompli, is Samsung obviously thinks it’s going to make a heck of a lot more of our money than the $7 billion it’s investing, through (a) the heavily-subsidized rates we will be paying for 2,500 megawatts of wind and solar power (2,000 wind, 500 solar) at 13.5˘ per kw/hr for wind, 44.3˘ per kw/hr for solar (b) a $437-million performance bonus and (c) whatever it makes from selling wind turbines and solar modules in Ontario and elsewhere.
McGuilty claims this deal will create 1,440 permanent manufacturing jobs and 16,000 jobs in all — most temporary — for a mere $1.60 per year more on the average electricity bill, part of his plan to provide at least 50,000 new jobs through his Green Energy Act.
Is any of this remotely credible? Who knows? We don’t even know if these 50,000 “new” jobs are “net” new jobs — meaning beyond those that will be lost in the traditional energy sector.
We do know that in Spain, considered a world leader in renewable energy, a study by economics Prof. Grabriel Calzeda Alvarez of Madrid’s Juan Carlos University found it lost at least 2.2 jobs elsewhere in the economy for every green one created, that only one in 10 green jobs was permanent and the estimated cost to taxpayers for each one was 571,138 euros ($850,000 Canadian). For wind, over one million euros ($1.49 million Canadian.)
Ouch, say its not so!!!