Nevertheless,
Quebec auditor general launching investigation:
While several claimed it. However, the Quebec auditor general finally launched an investigation into the aid in the battery sector.
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The Auditor General of Quebec (VGQ) officially announced the opening of a financial aid survey granted by the government in the battery sector. Meanwhile, a strategic sector which recently caused a lot of ink due to the invested astronomical amounts.
An audit is underway to examine all of the public support granted to companies in the battery sector. Meanwhile, in particular within the framework of the megaprojects for the production of lithium-ion cells and assembly of essential components. Therefore, The office of the auditor general. Nevertheless, Alain Fortin, also invites the population to submit relevant information on the occasion of a call for contributions accessible on his website.
“We quebec auditor general launching investigation are not looking for any particular information. but are convinced that it is important to give citizens the possibility of providing us with information they may know and which may contribute to our work,” replied the VGQ office by email.
The announcement comes in a context of increasing concerns on transparency. real economic benefits and financial risks associated with these investments. The Legault government is committed to paying billions of dollars to businesses like Northvolt. Lion or Taiga, all in the hope of making Quebec an essential North American Pole of the energy transition.
Lack of transparency
Often presented as “structuring investments”. these projects arouse debates because of their high public cost, their uncertain profitability and the lack of transparency surrounding the signed agreements. This is precisely what the auditor general wishes to clarify.
Critics. both on the side of the opposition parties of the National Assembly and in civil quebec auditor general launching investigation society, has been demanding an independent examination of these investments for several months.
The final audit report is expected for 2025. By then. the auditor general will continue his analyzes independently, while soliciting the observations of citizens, experts and stakeholders in the industrial sector.
Lost money
In recent years, the Ministry of the Economy has announced financial commitments totaling more than $ 2.2 billion to 17 companies in the battery sector. The sums really spent are however less because certain projects have been delayed or postponed indefinitely.
So far. Quebec has lost about $ 180 million in the unbearable electric lion, $ 270 million in that of Northvolt and $ 21 million in that of Taiga Motors.
Quebec auditor general launching investigation
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