Speakers ponder effects of gas tax cut on congestion, transit funding at forum
The pledge of Ontario’s new Progressive Conservative government to lower gas taxes by 10 cents a litre was called regressive and counter-productive to efforts to reduce congestion and fund new transit infrastructure by speakers addressing a recent Toronto transit forum.
Ottawa looks to relax benchmarks under Canadian carbon pricing programme
The Canadian government may relax industry production benchmarks under its output-based carbon pricing system (OBPS), which forms part of its backstop carbon pricing plan, as well as introduce a similar metric for the power sector, it said at a workshop on Wednesday.
UPDATE – Ontario cap-and-trade repeal bill sees compliance obligations, few refunds for purchased allowances
The Ontario government on Wednesday introduced a bill to formally repeal the province’s cap-and-trade programme, earmarking compensation equivalent to a tiny fraction of the nearly C$3 billion raised through allowance sales and effectively est...
UPDATE 2-Canada's Ontario government scraps cap-and-trade program
The newly elected Ontario government announced on Tuesday it would end the province’s cap-and-trade program, a policy designed to reduce greenhouse gas emissions, fulfilling one of Premier Doug Ford’s election promises.
However, it leaves businesses that bought C$2.8 billion ($2.1 billi...
Will Ontario's Carbon Market Withdrawal Harm The Western Climate Initiative? No, Says Price Rebound.
Shortly after his June 7th election, populist Ontario Premier-designate Doug Ford announced his intention to withdraw from the California-Quebec-Ontario linked Western Climate Initiative (WCI) carbon market and promised to fight the Canadian governmen...