Concerns grow over compensation payouts for Ontario’s cancelled green energy projects - News Summed Up

Concerns grow over compensation payouts for Ontario’s cancelled green energy projects


Premier Doug Ford’s axing of more than 750 green energy projects has cost taxpayers $1.1 million in financial penalties so far, but with hundreds of companies yet to apply for compensation there are fears the $231 million earmarked this year won’t be enough. Settlement negotiations are continuing with White Pines and the payout is expected to be as much as half the $231 million, or more, as the nearly completed project is decommissioned. Sign Up Now“When they found out it would cost us $231 million, they quietly buried that number and hoped that no one would notice it. Now the premier says the costs won’t climb higher. Rickford has said any unspent funds from the $231 million allocation will be returned to government coffers.


Source: thestar November 26, 2019 11:03 UTC



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