Monte Solberg brings home the bacon
Saturday, May 31st, 2008![]()
What happened to the Tory promise to scrap corporate welfare? Tomorrow morning Conservative MP Monte Solberg is announcing additional funding for a publicly traded agri-business called Flexible Solutions International (FSI). The company received a $1 million, zero-interest loan in February for a pilot project facility in Taber, Alberta. The plant will produce a chemical product that enhances agriculture yields. It sounds like a great idea, especially given the recent interest in agriculture investing. In fact, the company had a great first quarter in 2008. But if things are so good, why the government money? FSI’s chief executive officer Dan O’Brien says he took advantage of the loan to avoid diluting shareholders with a new stock issuing. (Read the full post about ‘Monte Solberg brings home the bacon’…)