Ontario to Slap Export Tax on Electricity to U.S.
Ontario to Slap Export Tax on Electricity to U.S.
www.wsj.com
Ontario to Slap Export Tax on Electricity to U.S.
Canada’s province of Ontario will slap a 25% export tax on electricity it sends to 1.5 million homes in Minnesota, Michigan and New York, in retaliation for President Trump’s tariffs, said Doug Ford, Ontario’s leader.
Ford added that he will direct the province’s energy producers to shut down the exports entirely if Trump moves ahead with even more tariffs on April 2. He said he would direct his minister of energy to redirect energy from an Ontario nuclear reactor to local manufacturers instead.