BC’s UARB: clean power is “not in the public interest”

The Canadian province most deeply committed to clean, renewable energy has been stopped in its tracks by a utilities commission ruling that rejected BC Hydro's plans to acquire clean energy as “not in the public interest.” Moneyquote: The ruling could call into question the viability of the B.C. government's policy of reducing greenhouse gas emissions by at least 33 per cent below 2007 levels by 2020. That promise, and a long term goal of an 80 per cent reduction by 2050, was put into law last year with passage of the Greenhouse Gas Reduction Targets Act. Green energy stocks fell sharply on...