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

|By:, SA News Editor

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.