Liberals Take Flak For $12-Million Handout To Loblaw Co.
Change from 2017 Ranking: ▲2.6%
Major company holdings: George Weston, Associated British Foods, Loblaw, Selfridges, Holt Renfrew
The family behind Loblaw may have more money than just about everyone in the country, but that doesn’t mean it’s willing to part with any of it. The Westons gained attention this year for speaking out against “aggressive” minimum wage hike plans for Ontario and Alberta, which Galen Weston Jr.—who took over his father’s post as executive chairman of George Weston Ltd. last year—estimates would cost the food-processing and distribution company another $190 million in annual expenses.
The federal Liberal government is taking criticism online after announcing it’s giving retailer Loblaw Co. $12 million under a clean energy program.
Environment and Climate Change Minister Catherine McKenna announced on Monday that Loblaw would receive the money as part of a $36-million effort to upgrade the refrigeration units at 370 Loblaw-owned stores across the country. #cdnpoli