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.
Shut it off
That will shut down so much and really crash the stock exchanges in New York Sure the actual exchange will have backup power however a lot if not most of the brokers will not have the backup power.
Just to be clear I am all for it.
We're not literally powering all of that stuff. We sell electricity for very cheap. If we cut it off, nobody's going to lose power, they're just going to get a much more expensive electric bill.
If they keep the tax in effect until AC season the americans will turn it off themselves.