Unlike the federal and provincial governments, Quebec taxpayers could benefit, at least in part, from the bankruptcy of Recyclage Carbone Varennes (RCV), acquired for the paltry sum of $17.5 million by the buyer, StormFisher.

Quebec held a 24 per cent stake in RCV, shares worth $117 million at the time of the investment. This amount represents a net loss.

The remaining $365 million committed by Quebec in loans and grants, $248 million, and the $187 million in grants from Ottawa, already committed to the construction of the Varennes complex in Montérégie, are not completely lost, however, since StormFisher will resume construction work to complete the facility. The loans, of course, will not be repaid.

Still on the subject of public funds, the Canada Infrastructure Bank (CIB) had committ

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