Algoma Steel funding scandal keeps getting worse
Ezra Levant looks at resurfaced and newly emerging evidence that shows the Algoma Steel funding scandal, involving multiple levels of government, just keeps getting worse.
The Algoma Steel scandal keeps getting worse; not because of the thousand workers now out of a job, but because every level of government appears to have known this disaster was coming and handed over public money anyway.
Weeks ago, Algoma pocketed a half a billion dollars in government loans. That figure included $400 million from the Carney Liberals and another $100 million from Premier Doug Ford's Ontario government.
In a clip that surfaced this week, Algoma's CEO bluntly acknowledged the federal and provincial governments wouldn't dish out $500 million without scrutinizing a company's business plan. Ford confirmed as much, admitting he was aware layoffs were looming before approving Ontario's $100-million loan.
On Thursday's edition of The Ezra Levant Show, Ezra looked at the rationale behind the Carney Liberals' muted response to Algoma cutting 1,000 jobs.
“We learned recently that Melanie Joly did not bother to read the contract in which the Liberals gave billions of dollars to Stellantis, the car maker which shortly thereafter announced layoffs too,” Ezra said, suggesting Algoma's CEO might have given the federal government too much credit.
“I think this CEO is overestimating the intelligence and fiduciary duty of the Liberals, especially the obvious DEI appointee Melanie Joly,” he said.
“So the government knew, which is why they're not criticizing Algoma for pocketing half a billion, and which is why the CEO isn't embarrassing the government.”
BECOME A MEMBER
RebelNews+ Clips
RebelNews+ is our premium subscription service, which gives you access to our exclusive long form, TV-style shows, documentaries, members-only comments section, and the ability to read RebelNews.com without ads.
Subscribe now to get the full experience!
https://rebelnewsplus.com/Featured Stories
COMMENTS
-
Dennis Looten commented 2025-12-05 11:27:30 -0500When will people start listening to Dr. Patrick Moore when he proves CO2 is not a problem. Fighting carbon emissions is not following science. -
Michelle Dorey commented 2025-12-05 10:02:07 -0500Half a billion $$, for what exactly? Now Carney is spinning it that it was a negotiated ploy and if he hadn’t done that, the job loss would have been much worse. If there was ever a serious audit done in this country, one in which reckless stupidity would get you kicked out of office, it would decimate parliament.
-
Bernhard Jatzeck commented 2025-12-04 21:14:34 -0500I’m reminded of what happened to a certain Alberta company. I recall reading a newspaper article which mentioned that it had a received a nice fat government grant. A few weeks later, the place closed its doors, having, apparently, gone belly up.
A few months later, I drove by its facilities. Its location was a nice brand-new building. -
Bruce Atchison commented 2025-12-04 18:59:52 -0500Alberta sure needs to leave this sinking state called Canada. It’s getting to be like a Third World State.
