In response to the Ontario Government’s plan to sell 60% of Hydro One, the Communist Party of Canada (Ontario) has announced a campaign to inform and energize the public against the privatization scheme.
The Liberals intend to sell Hydro One, the distribution network of Ontario’s public electric power system, to private companies, despite growing opposition within the Ontario legislature and in the population at large. The proposal was part of the omnibus budget bill that passed the legislature on the last day before the summer recess. Part of the budget removed most of the regulatory measures which governed Hydro One as a public utility.
The Government’s excuse for selling off one of the most important public assets owned by the people of Ontario was to provide capital to finance its $30 billion public infrastructure project, the key proposal in its election campaign. It did not campaign on privatizing Ontario Hydro, however.
This privatization plan, the continuation of the corporate austerity campaign, has many aspects that attack the living standard and the democratic rights of the people of Ontario: (more…)