90% of Ontario’s wind subsidies benefit a select few multinationals: study

“Ontario ratepayers have given at least $1.7 billion in subsidies to wind developers since 2006, when the province first started subsidizing industrial wind farms. The study found that nearly 60% of all wind subsidies have gone to six companies with more than $10 billion in annual revenue and 82% to nine companies with more than $1 billion in annual revenue.

In total, 90% of wind subsidies have gone to just 11 companies, including Suncor, Enbridge and Samsung, among others. The study also finds that the amount of subsidies could grow to as much as $8 billion over the next decade and $13 billion over the next 20 years.”

Energy Probe

(November 25, 2014) Subsidies given to Ontario’s wind farm owners largely benefit a select few multinational corporations, a new Energy Probe study shows.

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