Will affect 28 solar and wind projects ready to go online, 16 more under construction and $6.4 billion in investments, much of it from foreign firms.
Report says that won’t likely slow overall investment; fossil fuel players weren’t putting much money into it anyway.
Growing electricity’s contribution to Canada’s energy mix from its current 19% to about 60% will require an expansion from 141 gigawatts today to between 278 and 422 GW of renewable wind, solar and storage capacity by 2050.
Still interest in buying green power because of its low cost, low emissions.
Ranks as a responsible supplier compared to most other major oil and gas exporting nations.
Marks a 24% reduction since 2007 from reliance on coal-fired power plants.
Research suggests while renewables are still small, they play a big role in meeting new demand.
Total Canadian electricity generation will increase by about 12 per cent from 2017 to 2040.
Moves send a clear signal Ontario may not be a stable location for major energy investments.
Alternative resources would include wind, solar, geothermal, small dams and others that don’t produce climate changing gases.
Company will withdraw from all overseas nuclear operations as energy business moves toward renewables.
But energy sector recruiters advise that they’re likely to take a pay cut of up to 50%.
Plans to spend the proceeds of the sale on its $24-billion in near-term capital projects.
Also signed a deal to do their part to uphold the terms of the Paris climate accords.
Change is most dramatic in the US, where coal mining rose 19% in the first five months of the year.