Quote:
Originally Posted by Slava
Nah, we're (the taxpayer) on the hook for the whole thing. We either pay because the government settles this and saves face, or we pay because the utilities pay and pass it along.
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I don't see it the same way.
Doesn't this simply mean, net-net, that the government won't be able to collect carbon taxes on the power associated with these PPAs?
The "losses" due to the carbon tax are the carbon tax costs themselves. So "covering the losses" means giving back the money collected from them in the first place. Therefore net-net zero and we're not on the hook for anything.
If that is the case this is a very good move by the NDP. Basically they get to say "fine, you're right we won't tax you but if you still press forward with cancelling these PPAs then you're just trying to offload the fact that they're a bad deal for you onto the public".