OUR LATEST NEWS

July 31, 2018

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.

The...

July 26, 2018

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.

In addition...

July 25, 2018

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...

July 3, 2018

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...

July 2, 2018

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...

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