Ontario government puts ticket resale changes on hold

05 Juillet, 2018, 23:54 | Auteur: Therese Cote
  • Premier Doug Ford Announces the End of the Cap-and-Trade Carbon Tax Era in Ontario

In a statement released Tuesday, Doug Ford said he has revoked the regulation that outlines the carbon pricing system and his government will officially begin winding down all green programs funded through it this week.

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. "We have paused the implementation of this section until we can review this provision in full to make sure it is in the best interest of Ontarians", he says.

To ensure an orderly wind-down of programs funded through the cap-and-trade carbon tax, Ford committed that his government will honour arrangements where contracts have already been signed and orders have already been made, such as energy efficient insulation and window retrofits.

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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. Analysts have said they expect ditching cap-and-trade will ease the burden on businesses in the short-term.

"People need the details on exactly when this is going to be wound down and if there are any programs that are going to persist, we also need to know what those are, because otherwise the manufacturers are going maybe on a rollercoaster ride", he said.

The newly elected Ontario government announced on Tuesday it would end the province's cap-and-trade program, a policy created to reduce greenhouse gas emissions, fulfilling one of Premier Doug Ford's election promises.

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