The $600-million fund the federal Liberals created to invest in startups that use technology to fight climate change is losing money, and having difficulty finding companies in which to invest.
The fund, administered by the Business Development Bank of Canada (BDC), has invested in some firms that are failing to meet performance targets and that are at risk of defaulting, according to a year and a half of BDC’s financial documents and letters sent to cabinet ministers obtained by The Logic.
In January 2018, Innovation Minister Navdeep Bains announced $600 million in funding for BDC to create a cleantech portfolio that invests in startups so they can “hire new staff, develop products, support sales, and scale up and compete globally.”
The internal documents show those goals are not being met.
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BDC says the losses it’s taking are standard for early-stage investments in the cleantech sector and the riskier investments it’s making are fulfilling the mandate the government gave it.
Bold mine.
Precisely what mandate would that be?
Pi$$ing away taxpayer $$$ yet again?
Thought so...
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Just a meat eating, mouth-breathing, knuckle-dragging, Harley riding deplorable troglodyte peoplekind, back from a better place...
“Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, is it reasonable?” —Richard Feynman
“Charm and nothing but charm at last grows a little tiresome...It's a relief then to deal with a man who isn't quite so delightful but a little more sincere.” — W. Somerset Maugham
But that’s okay, though. Despite a massive amount of this campaign being about virtue signalling climate hysteria, this apparently wasn’t a secret.
Yes it is true. I believe they also had two planes in 2015. The advance plane carries the equipment, lights, flags, etc. for the leader’s rallies and events. (This was not a secret).
— Althia Raj (@althiaraj) October 3, 2019
That would be debate panelist Althia Raj….
Comments salient.
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Just a meat eating, mouth-breathing, knuckle-dragging, Harley riding deplorable troglodyte peoplekind, back from a better place...
“Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, is it reasonable?” —Richard Feynman
“Charm and nothing but charm at last grows a little tiresome...It's a relief then to deal with a man who isn't quite so delightful but a little more sincere.” — W. Somerset Maugham
Yeah, Andy Coyne, chinless wonder and loyal Katie Telford stooge… Telford has Coyne on speed dial… Coyne, the same prick that wrote about a 16 dollar orange juice signifying the literal end of the country. As for Blackie McTurdholes many scandals, crimes and mendacious governance along with disgraced sociopath Gerry the Butts resigning in scandal, well old Andy isn’t concerned about that in the least… Raj, Coyne a couple of Turdhole lickers on Katie Telfords short leash… Not only is the “debate” rigged so is the whole damn election. Western separation now.
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Thomas says:
October 3, 2019 at 10:29 pm
So what? Was there ever any doubt that the Canadian media are in bed with the Liberals? They might as well go to dinner first.
<snort>
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Just a meat eating, mouth-breathing, knuckle-dragging, Harley riding deplorable troglodyte peoplekind, back from a better place...
“Have no respect whatsoever for authority; forget who said it and instead look what he starts with, where he ends up, and ask yourself, is it reasonable?” —Richard Feynman
“Charm and nothing but charm at last grows a little tiresome...It's a relief then to deal with a man who isn't quite so delightful but a little more sincere.” — W. Somerset Maugham
Coyne's weeping over "climate change" lost me a long time ago. He was begging Harper to institute a carbon tax as long as I remember. Essentially: "Complete my prog laundry list without the inconvenience of changing my conservative hat for a Liberal one."
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"My life is my own."
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BEDFORD, N.S. — Conservative Leader Andrew Scheer says he never spoke publicly about being a dual Canadian-United States citizen because no one ever asked him.
Even when his colleagues were attacking politicians from other parties for their dual citizenships, he stayed silent.
The Globe and Mail first reported Thursday that the Tory leader’s father was born in the U.S. and therefore Scheer and his sisters received American citizenship as a result.
Scheer said he let his passport expire and met U.S. consular officials in August to begin the paperwork to renounce his American citizenship.
OK so now I am asking: Did Sheer file his 1040s all of his working life? Has he been filing his finCEN114s (aka FuBARs)? How about those 8938s? 5320s? Are his wife's life savings at risk because they have joint accounts?
Is the IRS going to bankrupt him for failing to file some or all of those penalty forms?
Why did he say nothing when the Harpoon was ramming through the FATCA-IGA as part of a budget bill?
Looking forward to him standing before the US consulate holding his pants up with his left hand as he holds up his right hand to swear an oath of disloyalty to the USofA.
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Social Distancing is an Oxymoron. The correct term is Social Demonization or Social Repression. Bandits, thieves and politically correct thugs hide behind masks.
...and people wonder why Conservatives are seen, generally, to be intolerant and out of touch with modern Canadian society.... How is it possible that the insane belief that homosexuality is a choice continues to be parroted by these fools?
A British Columbia candidate is no longer with the Conservatives after videos emerged in which she called LGBTQ people “perverted” and suggested that LGBTQ people “recruit” children.
Heather Leung, who was running for the Conservatives in Burnaby North-Seymour, has yet to address her past comments, including an interview she did with someone who underwent conversion therapy and another in which she slams a school board’s anti-bullying policy as a way to “promote homosexuality.”
The Conservatives confirmed late Friday that Leung is no longer with the party.
[....]
Leung, who described herself as a mother of three, said school boards can “disguise themselves as angels of light to promote (an) anti-bullying environment in school, but instead they are promoting homosexual, transsexual, all kinds of homosexual acts to children.”
Leung was among dozens of parents who protested the policy, which ordered schools to have a zero-tolerance approach for anti-LGBTQ language, encourage gay-straight alliances and encourage teachers to include LGBTQ issues in curriculum.
Leung said the policy was brought forward by “pro-gay” teachers and activists to “promote homosexuality.”
She added that those who drafted the policy were “digging a deep dark pit for the next generation, because these homosexual people, they cannot reproduce the next generation.”
Leung also indicated that LGBTQ people are “recruited.”
“They recruit more people and more people to their camp. So this is not fair. They are our children. They are not their children. They do not have the right to push our children into their camp,” she said.
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