Doug Ford halts Ontario anti-ticket scalping law

Doug Ford halts Ontario anti-ticket scalping law

Ontario Premier Doug Ford today 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.

However, it leaves businesses that bought C$2.8 billion ($2.1 billion) worth of allowances in limbo.

"We are getting Ontario out of the carbon tax business", Ford said in a statement. Ford says in a new release that eliminating it will be the first step in lowering gas prices by 10 cents a litre and curbing other household costs.

According to Ontario's Auditor General, the cap-and-trade system is costing Ontario residents and businesses $8 billion annually, with a "negligible impact" on the province's carbon emissions, which is the whole objective of the system. "We know that the premier. promised to get rid of cap and trade and we understand he's moving quickly to fulfill that promise but I think that there are some problems here because there are some questions that haven't been answered", he said.

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Ford says the province will nonetheless honour contracts and orders that have already been signed for projects funded by cap-and-trade, such as energy efficient insulation and window retrofits.

Berends believes the Ontario government's decision is also going to impact companies that are planning on using their allowances for their obligations towards Quebec and California before the November 1 deadline. Called Green On, the $377-million fund, financed through the proceeds of cap-and-trade auctions is winding down.

"The Ontario government is making it clear that it is not interested in taking climate action, and is effectively withdrawing from Canada's national climate change plan", said a statement from the office of Environment Minister Catherine McKenna.

Left-wing politicians criticized Ford's move, citing environmental concerns.

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