Canadians will not find out details about the multi-billion-dollar subsidy promised to Volkswagen Canada for a battery plant in Ontario until after the money goes to the European automaker.
The Senate national finance committee was told April 25 that the Department of Industry would not discuss the $13 billion subsidy for the St. Thomas, Ontario, electric vehicle battery cell factory, according to Blacklock’s Reporter.
“The agreement is not public,” said Jean-Philippe Lapointe, director general of Industry Canada, in testimony before the committee.
“It is a confidential agreement between the Government of Canada and the company, but through proactive disclosure at one point in time we are able to disclose expenditures that have been covered under contribution agreements.”…