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Bullboard - Stock Discussion Forum Questerre Energy Corp (Canada) QTEYF


Primary Symbol: T.QEC

Questerre Energy Corporation is an energy technology and innovation company. It is engaged in the acquisition, exploration, and development of oil and gas projects, in specific non-conventional projects such as tight oil, oil shale, shale oil and shale gas. It holds assets in Alberta, Saskatchewan, Manitoba and Quebec in Canada, as well as in the Kingdom of Jordan (Jordan). Its oil shale assets... see more

TSX:QEC - Post Discussion

Questerre Energy Corp (Canada) > Ontario Repealed it’s Green Energy Act..so should Que.
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Post by nozzpack on Apr 15, 2022 6:18pm

Ontario Repealed it’s Green Energy Act..so should Que.

Ontario's Government for the People Introduces Legislation to Repeal the Green Energy Act

Municipalities to have final say on new energy projects

September 20, 2018

Energy, Northern Development and Mines 


Table of Contents

  1. Content
  2. Quick Facts
  3. Related Topics

TORONTO — Ontario's Government for the People is delivering on its promise to repeal the Green Energy Act, 2009, Greg Rickford, Minister of Energy, Northern Development and Mines, and Monte McNaughton, Minister of Infrastructure, announced today.

The original Green Energy Act led to the disastrous feed-in-tariff program and skyrocketing electricity rates for Ontario families, and took away powers from municipalities to stop expensive and unneeded energy projects in their communities. Under the last government energy rates tripled, hurting families and driving manufacturing jobs out of Ontario.

"The Green Energy Act represents the largest transfer of money from the poor and middle class to the rich in Ontario's history," said Minister Rickford.

"Well-connected energy insiders made fortunes putting up wind-farms and solar panels that gouge hydro consumers in order to generate electricity that Ontario doesn't need," Minister McNaughton added. "Today we are proud to say that the party with taxpayers' money is over."

The ministers announced that the government has introduced legislation that, if passed, will fully strike the Green Energy Act from the province's books. This will include repealing provisions that stripped away the power of local municipalities to block unwanted wind and solar farms.

"The Green Energy Act allowed the previous government to trample over the rights of families, businesses and municipalities across rural Ontario," said Minister McNaughton. "But we believe the people of Ontario should have the final say about what gets built in their communities."

The proposed legislation would give the government the authority to stop approvals for wasteful energy projects where the need for electricity has not been demonstrated. This would put the brakes on additional projects that would add costs to electricity bills that the people of Ontario simply cannot afford.

"One of the first actions your government took was to cancel 758 expensive and wasteful energy projects as part of our plan to cut hydro rates by 12 per cent for the people of Ontario, saving $790 million for electricity customers," said Minister Rickford. "The days of sweetheart deals for energy insiders and unpopular projects forced on local municipalities are over."


Quick Facts

  • According to the Ontario Energy Board and the Independent Electricity System Operator, wind and solar added $3.75 billion in costs to electricity bills in 2017.
  • Wind and solar represent just 11 per cent of total generation in Ontario, but reflect 30 per cent of Global Adjustment costs that are borne by electricity customers.
  • In 2017, 26 per cent of electricity generated from wind and solar was curtailed, or wasted. This is electricity that Ontarians paid for, but didn’t need or use.
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