Re: Quebec Ink: As Hydro-Québec expands into cleantech, entrepreneurs cry foul
This is a hatchet job, with no pretense of being objective. It reads as a screed from the far right, depending on the argument that government-owned companies shouldn’t be in a market competing against private enterprise. This common argument is used repeatedly in other sectors to undermine essential services, and in this case, it’s being used to undermine Quebec’s substantial investment in clean energy.One one point of view is presented in this article.
Now while I’m no fan of balance for the sake of balance, it does appear that there is a very legitimate second perspective here that the author hasn’t even tried to represent. I representative from Hydro Quebec would probably point out that the people of Quebec are entitled to the best return on their investment, an investment all the more notable because it came at a time when almost all private investment was pouring (still!) into hydrocarbons.
And this is exactly why we need public investment in the energy sector. Entrenched private sector interests lobbied hard, and continue to lobby, against clean energy. They show little interest in doing the research and investment necessary, preferring to rely on profits from oil and gas, no matter how harmful they are to the environment. To the extent that they do invest, they do so in order to undermine competition from clean energy.
This is why I won’t be renewing my subscription to the logic. As I have pointed out elsewhere, this publication is practicing advocacy journalism, pushing a pro-business perspective while ignoring interests and issues that represent the broader concerns of the community.