• Ontario Green Bill Must Address Capital Crunch
  • March 25, 2009 | Author: Valerie Helbronner
  • Law Firm: Torys LLP - Toronto Office
  • Ontario's Green Energy and Green Economy Act, 2009 (GEA) is a far-reaching bill that introduces the Green Energy Act and amends 15 existing provincial statutes. The act signals that the McGuinty government, like the Obama administration, appears to be serious about injecting some green initiatives into a waning economy. The GEA provides strong incentives for renewable energy projects and also promises to reduce much of the red tape that has been a significant impediment to development.