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Doug Ford ends cap and trade in Ontario

“Cap-and-trade and carbon tax schemes are no more than government cash grabs that do nothing for the environment while hitting people in the wallet in order to fund big government programs,” Ford said in a statement Tuesday. “I promised that the party with taxpayers’ dollars was over and that this would include scrapping the cap-and-trade, carbon tax slush fund.”

Premier Doug Ford has officially revoked cap and trade — and is now starting to wrap up initiatives funded by the doomed program.

“Cap-and-trade and carbon tax schemes are no more than government cash grabs that do nothing for the environment while hitting people in the wallet in order to fund big government programs,” Ford said in a statement Tuesday. “I promised that the party with taxpayers’ dollars was over and that this would include scrapping the cap-and-trade, carbon tax slush fund.”

Cap and trade added 4.3 cents to the cost of a litre of gasoline, 5 cents a litre to diesel and 3.3 cents per cubic metre of natural gas.

The Ontario-Quebec-California joint program auctioned greenhouse gas emission allowances, raising about $1.9 billion for the Ontario government annually.

Former premier Kathleen Wynne made numerous commitments for at cash, including a pledge to pump $657 million into social housing repairs and retrofits — with about half slated for Toronto.

Wynne also promised that she would use those funds to help pay for $3 GO Transit fares within the City of Toronto and for short GO Train distances of less than 10 kilometres. The idea  was to make GO competitive with TTC fares, relieving pressure on the city’s packed transit system.

About $129 million of the cap-and-trade proceeds meant for social housing repairs has been secured, but the rest of the funds are in grave doubt, Mayor John Tory said.

Tory said he intends to discuss with Ford the benefit to tenants and the environment of continuing on with the work which includes energy efficiency retrofits

“Doug Ford is a very intelligent businessman and he will understand that it makes no sense whatsoever for us to have these valuable public assets, namely the Toronto Community Housing units, and to allow them to fall down into a state of total disrepair,” Tory said Tuesday.

The $3 GO fares are up in the air, too, but Tory said he believes Ford will also see the advantage of this relatively “modest” investment by the province.

When asked about the two programs, Simon Jefferies, a spokesman for Ford, said scrapping cap and trade is the first step in the government’s commitment to lowering gas prices.

“Doug Ford and the Ontario PCs are committed to making transit more affordable for all families, and the government will evaluate whether to continue specific initiatives on a case-by-case basis,” he said.

Cancelling the program will save Ontarians money on “virtually every other product that you buy,” Ford said.


Source: http://torontosun.com/news/...

JUL 3 2018
http://www.windaction.org/posts/48404-doug-ford-ends-cap-and-trade-in-ontario
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