An investigative report by the Globe and Mail has revealed that much of the $190-million the Ontario government paid in compensation to scrap a controversial power plant went to hedge funds in the Cayman Islands and the United States. The money was to supposedly to cover a controversial loan that was part of the public-private partnership. But the payout was more than twice the amount borrowed.
Public moneys going into public- private partnerships are increasingly being channeled into tax havens.