Millions of Ontarians are opposed to Kathleen Wynne’s scheme to privatize Hydro One, including:
- The Toronto Star: “The Ontario government is heading down a dangerous path with its plan to sell off a majority interest in Hydro One. The risks involved in the plan are becoming more obvious, and the benefits to be gained are at best unclear.”
- The Toronto Sun: “Premier Kathleen Wynne is holding a fire sale of Hydro One despite the fact it will damage the province’s long-term finances and increase its debt load.”
- The Windsor Star: “Wynne’s plan appears to be a short-term solution that will cause permanent damage to Ontario’s economy.”
- Post Media: “This looks like yet another bad fiscal decision from a provincial government with a well-earned reputation for making them.”
- Ontario’s Financial Accountability Officer: “The province’s fiscal position will deteriorate compared to if they didn’t undertake this sale.”
- More than 185 municipal governments
- 80% of everyday Ontarians
But there’s good news: it’s not too late to stop this scheme. But we have to act now.
Kathleen Wynne’s scheme to privatize Hydro One will mean:
- Higher rates for you and your neighbours, especially if you live in a rural or First Nations community.
- Higher rates for businesses in your community, forcing many to close or move to a different province.
- More frequent and longer outages.
- Less money for your local schools, hospitals, roads, and transit.
- Less action to prevent climate change.
Who benefits from this scheme? Nobody except wealthy Bay Street investors and government politicians who will be able to use the one-time cash infusion to pay for some pre-election goodies.