From Bloomberg:
"To secure the massive new VW battery plant, Canada signed an unprecedented contract with the company to offer up to $13 billion in production subsidies over 10 years."
For comparison or relative values;
Suncor Fort Hills complete project estimated cost $17 billion. 194,000 BPD.
New build "low carbon" NH3 plant cost $2 billion.1.4 million te/yr
Not hard to see why CRA is negotiating for 30% raise. These clowns have no concept of monetary value.
"To secure the massive new VW battery plant, Canada signed an unprecedented contract with the company to offer up to $13 billion in production subsidies over 10 years."
For comparison or relative values;
Suncor Fort Hills complete project estimated cost $17 billion. 194,000 BPD.
New build "low carbon" NH3 plant cost $2 billion.1.4 million te/yr
Not hard to see why CRA is negotiating for 30% raise. These clowns have no concept of monetary value.
Comment