Quote:
Originally Posted by Slava
I know everyone wants to pile on the NDP and blame the carbon tax here, so maybe this falls on deaf ears. This really has to do with the companies trying to get out from the contracts with the carbon tax potentially giving them a way. The PPAs aren't profitable. The clause lets them out if the unprofitability is due to a legislative change. But they're already underwater, before you even take the carbon tax into account.
Is that the fault of the NDP and their carbon tax? Sure doesn't look like it.
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You should read your own post again. Yes the clause lets them out of an unprofitable arrangement due to legislative change. The carbon tax is in fact a legislative change. Soooo...here we are. None of our ppa arrangements had previously been the subject of an opt out clause. At the very least the NDP handed them a two billion dollar gift at our expense. Either way it's a colossally stupid move.