In response to news that Hydro One’s acquisition of Avista passed another hurdle, Green Party of Ontario Leader, Mike Schreiner, said the following:
“The Ontario government must use its position as the largest shareholder in Hydro One to say no to its proposed merger with Avista Corporation.
Ontarians breathed a sigh of relief when we got off of coal in 2014. It was a moment to be proud of in the fight against climate change. But now Hydro One is getting back into the coal game, acquiring a US company with a major stake in one of the country’s largest coal-fired generating plants. How can the Liberals claim to be climate leaders when they’re happy to get into bed with big polluters south of the border?
The disastrous privatization of an important public asset has given rise to a multinational corporation whose bottom line is making profits for private shareholders, whether this means higher bills for the people of Ontario or pumping more greenhouse gas pollution into the atmosphere. By selling ownership in Hydro One, Ontario can no longer keep our hands clean from dirty energy projects that worsen the climate crisis. This is wrong.”