ClearBlue's Nicolas Girod Provides Analysis on Next WCI Auction
WCI/Ontario divorce could be “messy” if Brown withdraws from programme, analysts warn
The Progressive Conservative party’s promise to cancel Ontario’s cap-and-trade programme could lead to a “messy divorce” between the province and the remaining WCI jurisdictions, analysts have warned.
But the next auction could witness a rebound, suggested ClearBlue Markets analyst Nicholas Girod. If temperatures are normal, he forecasts that demand will be 98.6 million allowances, mainly from fuel and gas distributors, compared to 97 million allowances for sale.
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