Canada loses WTO appeal in renewable energy case

May 6 (Reuters) - Canada lost an appeal at the World Trade Organization on Monday in a ruling on incentives offered to local companies, a case that has already led to legal challenges over suspicions of similar perks elsewhere.

Japan and the European Union brought the case over a scheme intended to promote renewable energy in the province of Ontario.

It offered above-market prices for electricity supplied by renewable energy companies but only offered the premium to firms who bought most of their equipment locally.