Parliamentary Budget Officer (PBO) Yves Giroux is further analyzing the federal government’s large subsidy deals made with both Volkswagen and Stellantis to incentivize the automakers to build electric-vehicle battery plants in Canada.
The PBO is requesting that the Department of Industry disclose to his office a copy of the agreement letter announced earlier this month between the federal and Ontario governments and Stellantis and LG Energy Solution, committing about $15 billion in subsidies for the companies to continue building an EV battery plant in southern Ontario.
Mr. Giroux sent a letter to Industry Minister François-Philippe Champagne on July 17 requesting the information from his department, as first reported by Blacklock’s Reporter. The budget officer asked that Mr. Champagne’s department release the information by Aug. 1 at the latest….
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