Western Standard - July 21, 2023


PBO demands ‘fine print’ on EV battery plant subsidies to Volkswagen, Stellantis


Episode Stats


Length

1 minute

Words per minute

193.30417

Word count

383

Sentence count

28


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode I talk about the government's plan to build battery factories in Canada. It's a boondoggle of epic proportions and I'll tell you why it's going to be a disaster. I'll also talk about why the government should shut them down.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 The budget officer seems to be parliamentary budget officers being pretty independent and runs scathing reports on the government because of course the government's budget and finances are just a catastrophe. But looking in this wants the fine print on the subsidies given to Volkswagen and Stellantis for these battery factories. And that was a story in the standard recently too, that the cost that the subsidies that are going into these battery factories are going to be more than the entire auto manufacturing
00:00:29.980 sector in Canada generates in a year. That's just the subsidies for these batteries. It's insane. And the parliamentary budget officer saying I require this information and I'm entitled to free and timely access. So it sounds like it's already getting difficulty getting the information. The government's already covering up their own crap. Of course, once they threw those subsidies into it, the price went up just almost immediately afterwards. They blew their budget before the budget got out of the gates. So yeah, we got a boondoggle of
00:00:59.960 epic proportions is going to come from these battery factories. I promise you that it's going to be a disaster. Again, if it's feasible, it will come. Battery technology has gotten a lot better. That's why we got those battery powered bikes, you know, battery assist that people take around and you even got stubborn guys like me saying he's going to get a battery lawnmower when his gas one gives out. But you got to give it time. You can't force it. And that's what the government's trying to do.
00:01:25.820 Under Trudeau and his insane obsession with climate change is trying to do with this battery crap. It's going to be just money poured into a black hole. And I assure you, within 10 years, these things are going to be closed. And his E sharp on the comment are saying that these battery plants won't produce the jobs that the government says it will either. No, it won't. And somebody calked it out. I think it was the Taxpayers Federation or something like that.
00:01:46.880 The jobs are going to work out to something like $5 million a job. Come on, you guys. If the goal is job creation, that's a really terrible, terrible number on doing it.