Ridley Coal

PA

How the Government Dethroned A Crown Corporation

Last week, the Harper Government announced that it is putting Ridley Terminals Inc. (RTI), a relatively small federal Crown Corporation, up for sale. In the last early 1980s, the Trudeau government spent $250 million to build this coal terminal in the hope that coalmines would magically appear. Well, they didn't, and RTI has been a taxpayer-funded sick hole ever since.