Canadian Liberals Propose $1b "Green Fund"
The Canadian Press reports that the Liberal Party (with a capital L) has pledged a $1b fund to subsidize R&D in green technologies. Party Leader Stéphane Dion notes that Canada must go green via government subsidies– or else: "Tax cuts alone are not enough… Innovation is essential to the survival of our industries, but it can be an expensive undertaking." Ostensibly, some of money will go to Ontario, where the heart of Canadian automotive manufacturing aches with the pain of high fuel prices and an atmospheric loonie. Though he slammed a similar amount promised by the current Conservative government– albeit as a high-dollar relief measure not a Green subsidy– Canadian Auto Workers' head honcho Buzz Hargrove welcomed the announcement. "This fund would provide a much-needed boost to struggling manufacturers and the workers they employ, particularly the auto industry which is grappling with unfair trade, a slowing U.S. economy, a high dollar and environmental challenges." Buzz has always known where his friends lie (so to speak). But let's not forget that Canada's Liberals have an abysmal environmental track record. After Jean Chrétien's Liberal government ratified the Kyoto protocol, Canada became the number one per capita consumer of energy among the developed world. Greenhouse gas emissions rose by 26 percent during the years the Liberals held power (so to speak). Still, no political party has a lock on hypocrisy.