Federal Crown Corporation known as The Canada Infrastructure Bank ‘Invests’ $6 billion in Environmental initiatives in the middle of a pandemic – October 1, 2020,
When you simply look at the numbers you get the feeling that the individuals behind this pan have absolutely no clue what they’re doing. Infrastructure bank to invest $2.5 billion for clean power? Huh, wtf does that mean? $1.5 billion for zero-emission buses ok that make sense, but the private sector could have done this without the government and then there’s the $2 billion to retrofit buildings for energy efficiency? We all know this is B.S, last time I checked the commercial and residential real estate in Canada is doing pretty well?
For those of you unaware, The Canada Infrastructure Bank was formed June 22, 2017, making it less than 4 years old, so keep that in mind when you read the article below.
Infrastructure bank to invest $2.5 billion for clean power, $1.5 billion for zero-emission buses, and $2 billion to retrofit buildings for energy efficiency.
I invest, and green energies and initiatives to date have been reliant on price appreciation, most of these green companies produce ZERO cash flow without government intervention. The shining green company Tesla, still isn’t profitable, keep that in mind when you read up on this stuff
Now, don’t get me wrong, I’m an optimistic person, maybe sometime in the future Green initiatives will be profitable, but right now without government tax-payer financed welfare renewable energies aren’t profitable. Nuclear is profitable and it produces zero emissions, but I don’t know if that qualifies as ‘clean power’.
I say this primarily because I don’t see this as an ‘investment’ that will get a positive return, it’s more like a bailout, but bailing out a non-existing industry would sound ridiculous, right? So I hope Canadians are seeing the purpose of The Canada Infrastructure Bank.
Interesting times ahead