24 Replies to “Shocking News: An expensive government cleantech fund is losing money”

  1. Money is created; it is rarely destroyed. Where, then, did these “losses” go? It went into someone’s pocket.

    1. Bombardier?

      Perhaps SNC Lavalin was in charge of construction? And now they “need” more money?

  2. But this is what the Carbon Tax fixes…Loses are expected & paid forward… Flush money down the drain! FASTER

  3. Yet another army of non productive bureaucrats. Liberal toadies extolling the virtues of burning rocking horse dung to save the planet. Eagerly spending other people’s money.

      1. I foresee a really high end golf course with a fleet of used Teslas as golf carts … you can check your email on the HUGE dashboard screen at every Tee Box.

  7. Just a rinse and repeat of the standard practices of Canadian governments, people with government connections (Lib or Con), mostly in Montreal, with absolutely no background or knowledge of the subject matter, will set up appropriately designed companies, hire some credentialed talent and create fancy power points and booklets, milk the government program as hard as possible, then do some shuffles into bankruptcy behind some corporate veils and cut and run with the loot. It’s been a constant all my adult life.

    I had an entrepreneurial friend who got some government loans, when she showed up to pay some of it back the bureaucrat was chuckling, it was the first time someone had come to him to pay some back. She told him maybe he should require a commercially viable business plan and a marketable product before he lent money…

    1. Spot on, it’s just like the LSVCC funds of the 1990s, a siphon for money to fake businesses. Been there, got fleeced.

  8. But, our government will be able to stop climate change. No problem. Just you wait and see and contribute more and more and more and more. Reminds me of CCR’s Fortunate Son!

  9. I have no doubt that angst, socialist economics, and stern lectures by teenage girls will change the climate to something we can all appreciate.

  10. Oh I’m sure a lot of it circulated right back to the offshore accounts of the facilitators of the scam, to get re-elected. Little Canada crooks have been watching and learning from the big crooks next door on how to get re-elected when nobody likes you. When very little money is being donated to your campaigns, Shaazam, a green scam pops up and wow, sudden money. The crooks to the south have just had to take out a 10 million dollar line of credit, because theres no cash for clunkers or solyndra for them anymore, while good honest people have stepped up the last 3 months and donated 125 million to Donald Trumps campaign. If Canadians would take the time to listen to Trumps speech to the UN last week, they will see whats in store for the first post nation state, formerly known as Canada if it is again led by this clown in blackbody.

  11. I submitted a proposal for a solar/wind powered semi-automatic rifle and they turned me down.

    1. I also got turned down for my proposal to recycle prefabricated post holes.
      They wer organic and everything!

      It’s tough to fight Big Posthole.

  12. When stolen loot is available to subsidize nothing more than virtue signalling and then expecting a rational business plan to be part of the deal, that’s just a little rich. Nothing done by an organization led by the likes of the Spawn and his handlers can be taken seriously. Government has no place in business (and health care, education, media, energy, ……).

  13. It reminds me of a certain outfit I heard about in Calgary during the mid-1980s. Back then, Lyin’ Brian was in charge and the Scientific Research Tax Credits (SRTC) program (which I believe was established under PET) was dispensing money to people or firms associated with R & D.

    I heard from a certain source of information that this firm received an SRTC grant and there was, as I recall, a write-up about it in the Calgary Herald. But, as quickly as the announcement of the cash was made came the news that the company went belly up and closed its doors. Needless to say, a few government officials were caught off-guard by what happened.

    A few days later, I happened to be in that part of Calgary where the firm was located. There were some pretty fancy facilities, at least as seen from the outside, but the lights were definitely out and the building was empty.

    That was the last I heard about it, though, there may have been rumours of some financial hanky-panky (ya think?).

    The SRTC program was notorious for fraud and duplicity. I once read a newspaper article about a pair of bunko artists who claimed SRTC money by passing off old helicopter parts as part of a new invention or some such thing.

    One thing I have to give Mulroney credit for was closing down that program. There were too many people making bogus claims about what they worked on and hoodwinking the federal government into giving them money.

  14. We’ve got a strong pipeline of deals that we’re going to be executing on …

    The ONLY pipeline of deals the government should executing on … are OIL pipelines

  16. There is no, none, zip, zero, nada, tech that can in anyway do anything about the climate. 600 million for BS. Typical idiotic left wing BS.

  17. What’s the big deal? The government still has lots of money to tax from us. Heck, they’re only taking half of what I earn now. They could easily double their revenues and launch more groovy government programs. We just need to make sure the Libcons get back in.

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