Ontario cancels cap and trade, ends GreenON programs

Doug Ford

While the "wind-down" is effective, Ford's government has committed to honoring arrangements or contracts that have already been signed through programs for energy efficiency, insulations, and window retrofits.

"I promised that the party with taxpayers' dollars was over and that this would include scrapping the cap-and-trade carbon tax slush fund". Decisions to continue any specific initiatives now supported by the fund will need to be paid for out of the tax base and will be made on a case-by-case basis in alignment with the Ford government's Plan For the People and the upcoming value-for-money audit. Those decisions will take into account his overall plan for the province and the results of an upcoming value-for-money audit of government spending, he said.

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.

The leader of the progressive conservatives, who officially took the oath Friday, said that the abolition of quotas and restrictions for the market of hydrocarbons will be the first item in the list of his works.

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"The cancellation of cap-and-trade is a bad idea for many reasons", said Environmental Defence's Keith Brooks in a statement. Analysts have said they expect ditching cap-and-trade will ease the burden on businesses in the short-term.

"The provincial regulations need to align with Health Canada's stance on vaping as a less harmful alternative to smoking to ensure the industry is clear on the legal expectations from both levels of governments", Shaun Casey, president of the Canadian Vaping Association, said.

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.

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