Jack Mintz: Corporate welfare shrinks the economy

Swedish battery manufacturer Northvolt filed for Chapter 11 bankruptcy protection in the southern district of Texas yesterday. That’s bad news for the federal and Quebec governments, which have committed $2.7 billion in capital and a further $4.6 billion in future production subsidies to the financially strapped EV company. Quebec also took a $420-million equity stake it may soon regret. If, as expected, Northvolt does go belly up, Canada can kiss $3 billion goodbye. Read More

Jack Mintz: Corporate welfare shrinks the economy

Jack Mintz: Corporate welfare shrinks the economy

Jack Mintz: Corporate welfare shrinks the economy

Jack Mintz: Corporate welfare shrinks the economy

Jack Mintz: Corporate welfare shrinks the economy