Bill Kelly: The cost of scrapping cap and trade

In a statement released Tuesday, Ford says he canceled the regulations that shaped the system of carbon taxation.

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.

Ford cited a 2016 report by Auditor General Bonnie Lysyk which concluded that despite its $8-billion price tag from 2017 to 2020, Wynne's cap-and-trade scheme would not significantly lower Ontario's greenhouse gas emissions.

The premier says the government will decide on a case-by-case basis whether some initiatives previously funded by the program will be paid for using tax base revenue.

But Ford said businesses will benefit financially from no longer having to buy carbon credits, and Ontario will challenge Trudeau in court. But payments will be decided after looking at the overall plan he has for the province.

"The previous government attempted to institute a cap on ticket resales with no way to enforce that cap, resulting in less consumer protection", Ford spokesman Simon Jefferies said.

If Ottawa does put in a federal carbon tax, Ford has vowed to challenge it in court - a threat that aligns him with Saskatchewan's government.

In order to scrap the program, the premier must first amend or rescind the legislation that governs it, said Keith Brooks, program director for the advocacy group Environmental Defence.

"Doug Ford has taken the side of scalper-bots, helping them to rip off and gouge Ontario families without an end in sight", Horwath said.

"The Ontario government will need to find billions of dollars to buy back those permits, or risk being sued". Currently, the government's website does not list contact information for the newly appointed minister of the environment or any other cabinet members.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Apple Rumoured To Make iPhones Colourful Again
According to the report, the forthcoming affordable 6.1-inch LCD iPhone will be available in grey, white, blue, red, and orange. Also reportedly on tap is an upgraded 5.8-inch iPhone X.

Chris Brown Has Been Arrested In Florida
Brown said she tried to snap his photo when he was inside his Bentley at 4 a.m. on the South Beach street in February 2012. His Heartbreak on a Full Moon Tour next goes to Alabama, North Carolina, his native Virginia, and then the Northeast.

Protesters sing and chant outside of President Trump rally in Great Falls
Trump also scoffed at journalists for questioning his readiness to meet with Putin, a former spy, in Finland on July 16. Tester is one of 10 Senate Democrats running for re-election in states that Trump won in the 2016 election.

'Ant-Man and the Wasp' is a great palate cleanser
While a year ago saw rumours of Hawkeye appearing in Ant-Man and the Wasp, but director Peyton Reed branded this as fake news. As you might have already guessed, in the interim, Thanos' snap happens and the entire Van Dyne lineage doesn't feel so good.

YouTube star is one of three killed at popular waterfall in Canada
The Squamish RCMP and Squamish SAR have now turned the file over the BC Coroner's service and the names will not be released. They will be meeting with search-and-rescue crews soon to determine how to bring them out safely.

Samsung 2019 schedule: hold off on that Galaxy Note 9
Samsung won't provide net income or break out divisional performance until it releases final results later this month. The new phone is expected to have a 6.38-inch display, slightly bigger than the current model's 6.32-inches.

Trump Has Repeatedly Pushed for United States to Invade Venezuela
McMaster was able to persuade Mr Trump of how risky an invasion would be. "Mind your own business and solve your own problems, Mr. But critics say it also underscores how his "America First" foreign policy at times borders on being reckless.

Hamas Tried to Spy on Israeli Soldiers Using Dating Apps
An official for Hamas, the Palestinian militant and political faction that runs the Gaza Strip, declined to comment. Once downloaded, the apps allowed Hamas to access data on the phone and operate it remotely.

Trump issues WTO warning in meeting with Dutch leader
Trump told the PM at the beginning of the meeting that it's like the "Academy Awards" as all the cameras flashed. We're going to see more tariffs, not just because of this interaction, but because Donald Trump is a moron.

Pompeo to travel to N. Korea Thursday: White House
Production of nuclear fuel has also ramped up while North Korea expands and improves a ballistic missile site. Secretary of State Mike Pompeo's scheduled visit to Pyongyang later this week.

Ol Pejeta creates hybrid embryo for northern white rhinos
The embryos could then be implanted in a surrogate mother, most likely a southern white rhino, to produce a northern white rhino. Nonetheless, if successful, the goal is to create a population of hybrid rhinos - both southern white and northern white rhinos.

Verdict expected Friday in ex-Pakistani PM Sharif's corruption trial
It is a major setback for Nawaz Sharif's party which is contesting the election on all parliamentary seats. Sharif, who has been Pakistan's prime minister three times but never completed a term.

Meghan Markle and Prince Harry's post-wedding thank you cards revealed
Prince Harry complemented Meghan's bright dress in a navy blue suit complete with an olive green tie. The wonderful ray of sunlight in question is, in fact the Duchess of Sussex, Meghan Markle .

Couple meets in plane, shares love story on Twitter
We now know that the mystery man has been identified as Euan Holden , a retired professional soccer player and model. As of this writing, Rosey's original twitter story has been liked by 836K people and retweeted 334K times.

Syria rebels mull tough Russian terms for southern handover
Washington warned it would respond to violations of this agreement, but has done nothing so far. President Donald Trump will have a detailed discussion about Syria when they meet in July.


More News

News
More News