Offshore wind company sues (Ontario) province for $2.25 billion

[alp227]

Source: CBC News

Offshore wind company sues province for $2.25 billion

An Ontario offshore wind company is seeking $2.25 billion in damages from the provincial Liberal government after the province declared a moratorium on off-shore wind farms.

"Ontario assassinated the company and the offshore industry by stealth through a press release," John Kourtoff, the head of Trillium Wind Power Corp., told CBC News.

The financial damages the company is seeking are to cover the money already spent and the lost potential revenue, Kourtoff said.

He said he decided to sue after someone in Premier Dalton McGuinty's office informed him on Sept. 1 that there was "no political appetite to deal with this either before or after the election."

Read more: http://www.cbc.ca/news/canada/story/2011/09/28/trillium-lawsuit-ontario-government.html

[1620rock]

1. Keep them on-shore and off the lakes.

[Rabblevox]

2. They might have a case for the 5.3 million they've spent.. But the 2.25 billion claim is...

beyond stupid. They are claiming future earnings from a project that that was never built nor fully approved.

Fucking corporate fuckwad greed. I hope Ontario sticks it to them.

[left on green only]

3. Sounds like just another case of the government breaking wind

:applause:

[left on green only]

4. Dupe, self delete