The $7 billion is the money Samsung is *investing* in the province. That is the foreign investment… **into our province**… into *manufacturing* in an industry that is only growing (whether people like it or not)…

The cost to taxpayers is the $450 million over 20 years, which puts it far below the nuclear project…

To be honest, I would want both though, but that might just be me.

MD Says:

January 26th, 2010 at 10:14 am

You guys realize that most of this electrical power will end up in the US right?

***

Which increases the incentive for Ontario to pave the way for this!

Investment in green tech industry, investment in the manufacturing sector, job creation for the manufacturing (they have been struggling lately thats for sure!) and the added bonus of higher profit potential through sales to the US.

Way to go Ontario!

Looking forward to moving back to a greener province after so long out west.

Cheers!

MD Says:

January 26th, 2010 at 10:14 am

You guys realize that most of this electrical power will end up in the US right?

***

Which increases the incentive for Ontario to pave the way for this!

Investment in green tech industry, investment in the manufacturing sector, job creation for the manufacturing (they have been struggling lately thats for sure!) and the added bonus of higher profit potential through sales to the US.

Way to go Ontario!

Looking forward to moving back to a greener province after so long out west.

Cheers!

That McGuinty had to bride Samsung to come to Ontario with $437 million incentives from tax payers (which will cause our electric bill to rise $1.60 for the next 25 years)

That the 16,000 jobs will look more like 1,440 manufacturing jobs and after initial installments have taken place about 12,000 of those 16,000 will be laid off.

This <a href=”http://enviralment.wordpress.com/2010/01/25/7-billion-samsung-deal-isnt-creating-a-lot-of-fans-in-ontario/”blog post has some great perspective on the matter.

Via Enviralment:

“Ontario planned a $23 billion deal for new Canadian made CANDU reactors to be built for about 2,500MW worth of reliable base-load power for 60 years (life span of reactors). This current deal is $7 billion for 2,500Mw of stochastic power for 20 years.

Nuclear deal=$153,333 per MW-year

Samsung wind/solar deal=$1,400,000 per MW year.

This new deal is almost 9 times as expensive as the planned nuclear plant that was canceled because it was ‘too expensive’.

That McGuinty had to bride Samsung to come to Ontario with $437 million incentives from tax payers (which will cause our electric bill to rise $1.60 for the next 25 years)

That the 16,000 jobs will look more like 1,440 manufacturing jobs and after initial installments have taken place about 12,000 of those 16,000 will be laid off.

This <a href=”http://enviralment.wordpress.com/2010/01/25/7-billion-samsung-deal-isnt-creating-a-lot-of-fans-in-ontario/”blog post has some great perspective on the matter.

Via Enviralment:

“Ontario planned a $23 billion deal for new Canadian made CANDU reactors to be built for about 2,500MW worth of reliable base-load power for 60 years (life span of reactors). This current deal is $7 billion for 2,500Mw of stochastic power for 20 years.

Nuclear deal=$153,333 per MW-year

Samsung wind/solar deal=$1,400,000 per MW year.

This new deal is almost 9 times as expensive as the planned nuclear plant that was canceled because it was ‘too expensive’.