• 4 minutes US-backed coup in Venezuela not so smooth
  • 7 minutes Why Trump will win the wall fight
  • 11 minutes Oil imports by countries
  • 13 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 4 hours Climate Change: A Summer of Storms and Smog Is Coming
  • 22 hours Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 22 hours The Quick Read On MBS's Tour of Pakistan, India And China
  • 23 hours Iran Starts Gulf War Games, To Test Submarine-Launched Missiles
  • 22 hours BMW to add 2,000 more jobs at Dingolfing plant
  • 21 hours Teens For Climate: Swedish Student Leader Wins EU Pledge To Spend Billions On Climate
  • 2 days Itt looks like natural gas may be at its lowest price ever.
  • 2 hours Washington Eyes Crackdown On OPEC
  • 1 day Saudi A to Splash $100 Bln on India
  • 2 days Amazon’s Exit Could Scare Off Tech Companies From New York
  • 24 hours Venezuela: Nicolas Maduro closes border with Brazil
  • 20 hours Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 2 hours Can the World Survive without Saudi Oil?
John Daly

John Daly

Dr. John C.K. Daly is the chief analyst for Oilprice.com, Dr. Daly received his Ph.D. in 1986 from the School of Slavonic and East European…

More Info

Canada's Wind Future Take a Tumble

Edgy energy investors seeking to diversify their portfolio away from Big Oil and nuclear have taken a revived interest in renewables, especially projects in investor-friendly countries with progressive governments.

At the top of the list would be Canada, right?

Stable, largely English-speaking, progressive and environmentally friendly, right?

Therein hangs a tale, proving the timeless value of the adage, "caveat emptor."

Trillium Power Wind Corp., according to its website, is "a privately owned company headquartered in Toronto committed to the development of offshore wind in Ontario and The Great Lakes region. The Trillium Power management team has developed and operated waterpower facilities in Ontario since the 1980s and has been involved in other major energy installations around the world" and has spent millions of dollars over the years planning its projects.

Trillium Power Wind Corp. had planned to build a series of massive wind farms in Lake Ontario but is now suing Ontario's provincial government for $2.25 billion, claiming its Liberal government sandbagged them by unfairly cancelling all offshore wind projects in February.

The reason? Ontario's government said it would not consider any offshore development until more scientific studies were done. In the suit filed 28 September in Ontario Superior Court, Trillium alleged that the government's decision was made for purely political reasons, to appease wind-power critics in the electoral…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News