(September 12, 2011) Ontario’s Feed-in-Tariff (FIT) programs, designed to make Ontario a world leader in renewable energy, was implemented through two dozen or so government directives that gave well-heeled investors guaranteed sky-high returns on their investments. Most Ontarians, however, suffered in the gold rush that followed: not only did they lack the bankroll to invest; they had to indirectly finance the investors – many of them foreigners – through surcharges on their power bills.
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