How Accurate are the Ford Government’s Numbers to Dismantle the Cap-and-Trade Program?
Posted by Sharolyn Vettese on Sep 11, 2018 10:00:00 AMMORE
One of the first actions the new Conservative government of Ontario took was to start dismantling the cap-and-trade program—an electoral promise made by Premier Ford when he interchangeably called the program a "carbon tax." A C&T program is in fact an economic policy with a controlled carbon market—and not a carbon tax. Since Mr. Ford never produced a campaign platform, there has not been a thorough examination of this action in terms of climate change preparedness for the province, nor the total cost to dismantle it. There was, however, a hastily produced slide deck presented to the C&T stakeholders regarding their termination costs. The way the Ford government makes CAD$3.88 billion disappear into a $5 million pay-out deserves further examination.