If this is such a good plan why is the private sector not investing their own money? Simple question! If we have $240 million to play with why aren't we putting it into infra-structure, affordable housing, transit, etc.
City's tilting at windmills
Lots of green for a green plan, while city crumbles
By SUE-ANN LEVY
Tomorrow councillors will be asked to approve an absurd plan that will see this deficit-plagued city handing out millions of dollars in interest-free loans to entice not-for-profit groups to jump on the green bandwagon.
The loans will come from two sustainable energy funds that, all told, have $62 million up for grabs over the next five years -- starting with $9 million in 2008.
Given that the two funds are a key facet of Mayor David Miller's highly hyped Climate Change Plan (and the executive committee that will decide is stacked with the mayor's socialist seals) I have no doubt the plan will be rubber-stamped with barely a whimper of protest.
Not that it should be, mind you. Look, in a perfect world, such a plan probably makes sense -- even if our Robert Kennedy Jr.-wannabe of a mayor tends to go overboard with claims he has a green mandate from Toronto voters.
But I can't understand how the magnanimous Millerites can even consider giving out green loans when the city slips each day further into the red -- and has no money to tackle basic needs or its crumbling infrastructure.
The money for the two funds will come from a $245-million Toronto Hydro note due to the city on Dec. 31.
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