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Ontario @lemmy.ca

n3m37h @sh.itjust.works

11mo ago

Goodyear to receive 44.3 Million for expansions from Canadians, WHY?!?!

www.cbc.ca /news/canada/ottawa/goodyear-canada-plant-expansion-napanee-1.7292136

A company that nets $20 billion in revenue, recieved 44.3 million from Canadians, 20 Mil from Ontario

Once again... WHY?!?!

Ontario @lemmy.ca

n3m37h @sh.itjust.works

11mo ago

DELETE

www.cbc.ca /news/canada/ottawa/goodyear-canada-plant-expansion-napanee-1.7292136

Ontario @lemmy.ca

n3m37h @sh.itjust.works

11mo ago

Delete

www.cbc.ca /news/canada/ottawa/goodyear-canada-plant-expansion-napanee-1.7292136

5 comments

Because unlike China, we like publicly funding private enterprises without receiving any ownership. 🙂‍↔️
- It’s not just China
  The US received ownership when they bailed out companies in 2008. They just sold it to recoup the investment instead of controlling the company
  
  True but that was the exception to the rule. Most subsidies are given without any ownership stakes in return.
subsidies to private enterprise are just another name for corruption.
Goodyear Canada is set to invest more than half a billion dollars to expand and modernize its tire plant in southeastern Ontario, with the goal of making the plant net-zero in less than two decades.
Car tires will not help us achieve net zero. EVs will marginally help but we achieve net zero with walkable/bikeable cities and improving our public transit infrastructure to be the fastest and most convenient option.