Ontario

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Rumblestiltskin@lemmy.ca

Company halts construction of $2.7B battery project in eastern Ontario (www.cbc.ca)

submitted 3 months ago by RandAlThor@lemmy.ca to c/ontario@lemmy.ca

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After breaking ground in 2023, the company building a plant to produce battery components for electric vehicles in a municipality near Kingston, Ont., says it's delaying construction of the plant citing a slowdown in EV sales.

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[–] baggins@lemmy.ca 5 points 3 months ago (2 children)

Hmm. Really makes you wonder if it was ever intended to be built or they just bulldozed a massive field to collect some green energy grants.

[–] Showroom7561@lemmy.ca 8 points 3 months ago

Literally my first thought, and it wouldn't be the first time that sort of thing happened, either!

If a grant was collected, and a project had not been completed (or started), the company should pay it back with interest.

[–] RandAlThor@lemmy.ca 2 points 3 months ago

It's not so bad. I don't think our government gave them a lot of cash assistance up front from what I read. More like relief for start-up period.