U.S. Markets closed

Ontario Vows to Kill More Than 750 Clean-Power Project Contracts

Brian Eckhouse
Ontario Vows to Kill More Than 750 Clean-Power Project Contracts

Ontario Premier Doug Ford vowed to cancel and wind down more than 750 contracts for renewable power projects, making good on a campaign pledge to revamp the province’s energy policies. Terminating the early-stage projects, which the government didn’t identify, would save electricity customers in the Canadian province C$790 million ($600 million), Ford’s energy minister, Greg Rickford, said in a statement Friday. Shares of clean-energy companies, including Pattern Energy Group Inc., fell on the news.