Lawrence Solomon: Yes, Ontario’s Liberals can cancel their terrible renewable power contracts—and they should do it now

Ontario’s power prices are soaring out of control, industry is leaving the province, the Liberal government is panicking over its re-election prospects, and almost everyone agrees there’s no remedy, that the ludicrously lucrative long-term contracts that the Ontario government signed with wind and solar energy developers condemn the province to many more years of economic hardship.

Except there is a way to deal with the onerous contracts — rip them up. There is no compelling economic, environmental, moral or legal case for the government to “honour” odious contracts.

h/t Marvin

  • Anon E Mouse

    But how is former Liberal Party of Canada president Mike Crawley going to buy more real estate if we don’t keep subsidizing his wind power company?

  • ontario john

    That’s homophobic! Your going to be hearing a lot of that accusation, during the upcoming election.

  • Exile1981

    I agree that the contracts suck and the liberals sold out ontarians in exchange for donations back to party coffers…. but tearing up a contract they themselves wrote is going to brand ontario a 3rd world shit hole to business. Once they do it once no business will ever trust them. So no company will invest in ontario.

    • Clausewitz

      You think any reputable business trusts them now?

      • Exile1981

        no, but thete may be 1 or 2 who do.

    • CodexCoder

      I have been in business in this province since 1988, I wouldn’t trust the Liberal government to walk my dog. Whenever a Liberal announces new legislation to “make certain that it never happens again”, I bury my wallet to save money. The only way that business will return to this province will be if the stupid regulations (like mandating a three way cooling valve above a hot water tank as an example) are dumped, and the bureaucracy is cut dramatically. And the Liberals have to go or we are all going to the poor house with the death of a thousand cuts.

      • Exile1981

        Or the new rules on buying animal meds in alberta?

    • Bataviawillem

      I completely agree with you, when governments change the law to rip op contracts all bets are off.
      The people in Alberta will find out that companies will not return to Alberta because they bin f..cked over by the NDP and all trust is gone.

  • Clausewitz

    The Liberals are so beholding to so many special interest groups, and special “friends”, they just can’t keep up any more. This also goes for their lies.

    • Waffle

      This post dragged up some memories. I was at a convention many moons ago and was “treated” to listening to some Bay Street lawyers bragging about the revenues they were getting from their windmills. I think that was back in the early Dalton years.

  • ontario john

    Wynne has announced today 37 million dollars to celebrate Canada’s 150th birthday. Because here in gay Ontario, money isn’t important. Expect lots of commercials of Wynne standing with muslim women with bags over their heads and homosexuals.