Ontario clean energy benefit now in effect
The Ontario Clean Energy Benefit is in addition to the new enhanced Ontario Energy and Property Tax Credit, which is putting up to $900 back into the pockets of low- to middle-income families and single people, and up to $1,025 for seniors.
According to a recent Ontario Ministry of Energy press release: "As part of the province's Open Ontario Plan, the Long-Term Energy Plan is moving the province to clean sources of power and shutting down coal power that pollutes the air Ontario families breathe. Upgrading and modernizing Ontario's energy infrastructure is helping to provide reliable power to homes and businesses and is creating thousands of jobs for Ontarians in the growing clean energy sector."
QUICK FACTS FROM THE ONTARIO MINISTRY OF ENERGY
* An average household can expect to save approximately $150 through the Ontario Clean Energy Benefit.
* New renewable energy supply that is online or under construction totals more than 2,700 megawatts, which represents enough to power over 900,000 homes each year.
* To date, more than 20 businesses have announced they are setting up or expanding plants to manufacture parts for the solar and wind industry, creating new jobs in Ontario.
* In 2003, Ontario had 19 dirty, polluting coal units and just 10 wind turbines recently, the province has over 700 wind turbines and by 2014 all coal units will be closed or converted to biomass or natural gas.
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China aims to reduce coal power production
BEIJING - China plans to slash coal-fired power capacity at its five biggest utilities by as much as a third in two years by merging their assets, according to a document seen by Reuters and four sources with knowledge of the matter.
The move to shed older and less-efficient capacity is being driven by pressure to cut heavy debt levels at the utilities. China, is, however, building more coal-fired power plants and approving dozens of new mines to bolster a slowing economy.
The five utilities, which are controlled by the central government, accounted for around 44% of China’s total coal-fired power capacity…
