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CBC Canada

Feds have given Nextstar a fraction of billions promised, docs show

CBC Canada · 20 days ago
CBC Canada
CBC Canada
20 days ago

As NextStar Energy faces scrutiny over its deals with the federal government, CBC has obtained documents showing the payout so far is at least $530 million. Emma Loop reports.

Breakdown
  • Nexstar battery plant is at the center of political controversy over funding.
  • At least $490 million spent on construction, which ended in September. 46s
  • Second deal offers up to $15 billion, but little has been paid so far. 1m 14s
  • Documents show Nexstar received about $40 million in production subsidies by June. 1m 49s
  • Nexstar agreed to hire 2,500 employees; about 1,100 have been hired so far. 2m 16s