News Digest Item
24 Jul 2018

German ambassador to Canada criticises Ontarian government over move to terminate wind project

The Globe and Mail

The decision taken by the newly-elected government of Ontario to cancel a German-owned wind energy project’s contract is unsettling to foreign investors, The Globe and Mail newspaper reported Berlin’s ambassador to Canada, Sabine Sparwasser, as saying. The province’s ruling Progressive Conservatives announced the cancellation of the wind project in early July and subsequently introduced legislation to both allow for its termination and limit the compensation the German company, Bremen-based wpd AG, can seek from the province, the article says. “Obviously, every incoming government has the right to change policy direction. But to have a unilateral cancellation pushed through by law that way is unsettling for the company, but is also something that will unsettle other potential investors,” the ambassador said.

Read the article in English here.

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