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Gore praises Ontario's plan to ban coal, but electricity costs keep climbing

Nov. 21, 2013 7:23 PM ETNLR, KOL, NUCLBy: Carl Surran, SA News Editor9 Comments
  • Al Gore praised Ontario Premier Kathleen Wynne in Toronto today after she announced legislation to ensure that once the last coal-fired plant closes next year it would be illegal to generate electricity by burning coal.
  • But Ontario's electricity consumers are "getting burned," Tom Adams writes in the Financial Post; Ontario's power rates soon will surpass the highest of any state in the contiguous U.S., and the root cause of the "cancer" started with the coal phaseout that began a decade ago, he says.
  • It's true that Ontario's carbon production has dropped dramatically, but closing the coal plants and going green had nothing to do with it, Terence Cook adds in another FP piece; he says the province reduced carbon emissions by rebuilding and refurbishing seven nuclear power plants.
  • ETFs: KOL, NLR, NUCL.

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