What Is the Fallout When a Government Pulls the Plug on Its Cap and Trade?
Posted by Sharolyn Vettese on Jul 16, 2019 10:00:00 AMMORE
Months after the Ford government dismantled Ontario’s Cap and Trade (C&T) program, it seemed it would be a godsend to businesses that it had been killed. But, in fact, it was the opposite. At the packed two-day forum in Toronto on carbon pricing, there was no echo of the political rhetoric that the carbon tax/cap and trade was a job-killer. Instead, worried industry leaders lamented that without a price on carbon, jobs, and their competitive edge would be lost. So how did they adapt to the uncertainty in the new slash-and-burn political landscape in Ontario?