Great. Thank you for that.
The Financial Post says that Brookfield Renewable Partners, Enbridge and TransAlta alone account for 38% of the subsidies. These subsidies are massive. They amount to a 150% subsidy for wind and 750% for solar. That drives up the cost of energy for everyday people. According to the Ontario Association of Food Banks in a report on the subject, it has created something called “energy poverty”. One victim of this social injustice was Sherry-Selena Hucul, a disabled single mother from Perth who's suffering with depression, anxiety, PTSD, type 2 diabetes and chronic pain from a car accident. Her bill rose to $309 a month despite conserving electricity.
I want to quote her:
My house is heated by wood and propane. My son requires a BiPAP machine for his severe obstructive sleep apnea syndrome.
Mr. Carney, she was terrified that the Liberal government was going to disconnect her power because she couldn't pay the bills, which rose to subsidize the profits of multinational corporations like yours.
I guess the question is very simple. Because you are in charge of impact investing, would you commit on behalf of Brookfield that your company will no longer accept these unjust subsidies, which are driving people in Ontario into poverty and desperation?