Canadian taxpayers lose $270M after catastrophic Northvolt bankruptcy
Quebec’s Economy Minister, Christine Fréchette, confirmed that most of the money Quebec taxpayers spent on Northvolt’s proposed battery plant is now lost after the Swedish parent company went bankrupt
Quebec’s Economy Minister, Christine Fréchette, confirmed that most of the money Quebec taxpayers spent on Northvolt’s proposed battery plant is now lost after the Swedish parent company went bankrupt.
Northvolt declared bankruptcy on March 12 in Sweden, making it the largest corporate collapse in the country’s modern history.
