Oshawa Port Authority must pay FarmTech C$4.2 million for canceling ethanol project

In Canada, an arbitrator mandated the Oshawa Port Authority pay FarmTech nearly C$4.2 million after it decided to cancel the company’s proposed ethanol plant project following an agreement made in 2012. The local city council as well as environmental groups opposed the project. The arbitration award has thrown the port into the red, seeking ways to pay the arbitration award when it only brings in roughly C$1.7 million per year. The port is working with local and national authorities on a solution.