Published: Sat, July 07, 2018
Sci-tech | By Brandy Patterson

Canada’s Ontario government scraps cap-and

Canada’s Ontario government scraps cap-and

Scraping cap-and-trade a ticklish business Without a doubt, Ford ran his campaign on getting rid of the carbon tax, and it has been his first order of business.

According to Ontario's Auditor General, the cap-and-trade system is costing Ontario residents and businesses $8 billion annually, with a "negligible impact" on the province's carbon emissions, which is the whole objective of the system.

Ford said the province will nonetheless honour contracts and orders that have already been signed for projects funded by cap and trade, such as energy efficient insulation and window retrofits.

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Doug Ford said that when considering the future of the initiatives and programs begun earlier, the government will make the decision in each case, attracting money from the tax budget of the province. And the payments will depend on the results of an upcoming value-for-money audit of government spending.

Whether or not we believe that cap and trade or carbon taxes or whatever, actually improves the environment is a moot point; we should be concerned that the government is running up a huge bill to nix the programs. Keith Brooks, program director for the advocacy group Environmental Defence told Castanet Ford must first revoke or amend the regulation.

"Cancelling Ontario's plan to price greenhouse gas pollution without announcing an alternative is reckless and irresponsible", said Mike Schreiner, member of provincial parliament for Guelph, a city in southwestern Ontario.

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The NDP and the Greens have said Ford's rush to pull out of the cap-and-trade system could stick taxpayers with the tab for billions in legal fees, penalties and other costs.

Prime Minister Justin Trudeau has said he will impose a revenue neutral carbon price on Ontario if Ford scraps cap and trade, while others say Ford's government may be sued by companies forced to buy carbon credits under Wynne's scheme. "Today we are keeping that promise", he said.

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