This isn't about whether or not it's a good project. It's about who should pay for it. ITC Holdings is owned by Fortis Inc. Fortis Inc. made almost $9 billion in revenue last year. They paid over $800 million to shareholders in dividends. If this is such a good project, those shareholders, those investors, could pay for it themselves.
We are dealing with a current pandemic and its aftermath. Hundreds of thousands of people have lost everything. They've been told they can't open their doors. They've watched their entire life savings disappear. Their businesses are on the verge of bankruptcy. This government decided to give $655 million to a multi-billion-dollar organization, a multi-billion-dollar operation, a private sector company that pays out over $800 million to their shareholders in dividends.
Why?