On Issue #16 - Hydro One sell-off - Union to sue Ontario government +
Interesting.... an organization that lives on secrecy and back room deals being sued by an organization that lives on nondisclosure and deals kept secret from its membership ......
http://www.theglobeandmail.com/news/...ticle31869405/
Ontario’s largest union is suing the government over the privatization of Hydro One, arguing the Liberals inappropriately mixed government business and party fundraising during the controversial sell-off.
The suit, brought by Canadian Union of Public Employees Ontario president Fred Hahn on behalf of his nearly 250,000 members, will largely focus on a Dec. 7, 2015, fundraiser hosted by Finance Minister Charles Sousa and then-energy minister Bob Chiarelli, the cabinet ministers overseeing the privatization. That $7,500-a-plate dinner, first revealed by The Globe and Mail in March, was attended by representatives of several banks that were part of the syndicate that handled the first two tranches of Hydro One share sales.
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Mr. Wake did, however, urge the legislature to clarify its rules around conflicts-of-interest in light of the event.“It is conceivable that a reasonably well-informed person could have reasonable concerns about a $7,500 per person fundraising event, held one month after the conclusion of a significant transaction, chaired and attended largely by individuals affiliated with organizations that benefited from that transaction,” he wrote.
...Last year, Financial Accountability Officer Stephen LeClair calculated that the sale of Hydro One would cost the province in the long run – up to $500-million annually – mostly because the treasury will lose 60 per cent of the company’s annual dividend.
