“The cuts will hit a controversial sole-source deal with a consortium led by South Korea-based Samsung Group that offered special financial incentives in a bid to attract investment in renewable energy. The province’s change of heart is partly a response to the backlash over that arrangement – which made electricity bills more expensive – as well as an acknowledgment that Samsung was having trouble holding up its end of the bargain.  It is also the latest sign of turbulence in the green-energy industry after the global recession reduced the need for power and an uncertain economy made less costly conventional electricity more attractive than pricey renewables.”

http://www.theglobeandmail.com/news/politics/ontario-cuts-back-on-green-energy-deal/article12718627/

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