• Asian Connection
    Asian Connection
* Trai overhauls rules on pesky calls, spam messages; spells out obligation of telcos    * P Chidambaram Is Now An Accused In Aircel-Maxis Case: 10 Points    * Trump tries to douse Putin storm -- but his cleanup tests credulity    * Human rights groups want Canada to respond to U.S. Coast Guard's alleged mistreatment of drug smugglers at sea    * What’s that smell? In wealthy neighbourhoods it’s most likely weed

Premier Doug Ford Announces the End of the Cap-and-Trade Carbon Tax Era in Ontario

Posted in Featured, Talking Politics

Published on July 07, 2018 with No Comments

Fulfilment of election promise is the first step toward reducing gas prices by 10 cents per litre

Ontario Premier Doug Ford  has  confirmed that, as the first order of business of Ontario’s Government for the People, his cabinet revoked the regulation that punishes Ontario residents at the gas pump through a wasteful cap-and-trade carbon tax regime; this measure comes into effect July 3, 2018. In order to fulfill this election commitment, the Government of Ontario will immediately begin an orderly wind-down of all programs funded out of cap-and-trade carbon tax revenues.

“Every cent spent from the cap-and-trade slush fund is money that has been taken out of the pockets of Ontario families and businesses,” said Ford. “We believe that this money belongs back in the pockets of people. Cancelling the cap-and-trade carbon tax will result in lower prices at the gas pump, on your home heating bills and on virtually every other product that you buy.”

According to the Auditor General, who conducted an audit of the program, the cap-and-trade system could cost Ontario consumers and businesses $8 billion, with a negligible impact on the province’s carbon emissions.

“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,” said Ford. “I promised that the party with taxpayers’ dollars was over and that this would include scrapping the cap-and-trade carbon tax slush fund. Today we are keeping that promise.”

To ensure an orderly wind-down of programs funded through the cap-and-trade carbon tax, Ford committed that his government will honour arrangements where contracts have already been signed and orders have already been made, such as energy efficient insulation and window retrofits. Decisions to continue any specific initiatives currently supported by the fund will need to be paid for out of the tax base and will be made on a case-by-case basis in alignment with the Ford government’s Plan For the People and the upcoming value-for-money audit.

“We are getting Ontario out of the carbon tax business,” concluded Ford. “Our focus will be to give people lower gas prices, lower energy bills and a real break in their wallets in order to get our economy going and create jobs. Help is here.”

 

 

No Comments

Comments for Premier Doug Ford Announces the End of the Cap-and-Trade Carbon Tax Era in Ontario are now closed.