Microsoft will buy clean-energy credits from OPG’s hydro and nuclear assets as part of a purchase agreement. The deal will help the tech giant reach its goal to power its data centres entirely with carbon-free energy by 2030. Proceeds from the deal will help OPG invest in new clean-power generation and decarbonize its own operations by 2040. (The Logic)

Talking point: The partnership is an example of what the Ontario government might like to see under the voluntary clean-energy credit registry it’s developing. The program is meant to incentivize investments and development in the space while subsidizing electricity bills in the province. Environmental groups have criticized the scheme—and other carbon-offset programs—for failing to meaningfully reduce overall emissions. At the same time, both the public and private sectors are calling for more investment in Canada’s electricity grids to cut emissions. Ottawa is reportedly planning to commit significant funding to the mission.