Tag: EDC

American multinationals will plead for Canadian taxpayer subsidies if no US support is given for TG

(December 22, 1995) American multinationals that want contracts to build China’s massive Three Gorges dam will try to get financing from the Canadian government through their Canadian subsidiaries if the U.S. denies them public funds, according to the president of one American company hoping to cash in on the mega-project.

Subsidies to Canadian corporations are fueling the Third World’s debt and destroying its environment

(March 21, 1990) It contributes to the Third World’s debt and to the destruction of the Third World’s environment. It provides handouts to Canadian corporations, and administers a muti-billion dollar federal government pot called the “Canada Account,” which provides still more handouts and contributes to our own deficit. It acts so irresponsibly that Kenneth Dye, Canada’s Auditor General, rebuked it for misleading the public by failing to follow “generally accepted accounting principles.”