(July 6, 2011) The Ontario government’s hurried decision to subsidize renewable energy sources – specifically wind turbines – has created losses for energy consumers and tax payers, according to a study by Michael Trebilcock, a Law and Economics Professor at the University of Toronto.
Trebilcock, who is also a Director of Energy Probe, predicts the next two decades will see increased electricity rates for all sectors – industrial, commercial, and residential. Secondly, he suggests the effort to reduce CO2 emissions using wind turbines is futile in comparison to the environmental footprint they require. Lastly, Trebilcock states that renewable energy policies will inhibit rather than encourage job growth.
For Michael Trebilcock’s study, Speaking Truth to Wind Power, click here.