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Old 12-01-2016, 04:11 PM   #1
CaptainCrunch
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Default Auditor General Blasts Ontario Cap and Trade

http://news.nationalpost.com/news/ca...ctions-auditor

Quote:
Ontario’s cap-and-trade program will cost the province’s consumers and businesses $8 billion dollars in its first years of operation to get minimal greenhouse gas reductions, the auditor general said Wednesday.
Quote:
And the impact will likely be marginal, she said. Even with a subsidy, the average household electricity bill is projected to increase 23 per cent from 2015 to 2020, Lysyk found.
“Such increased electricity costs may make natural gas, which is responsible for significantly more greenhouse gas emission than cleaner energy sources like solar, hydro, nuclear and wind, an even more economical option,” she wrote.
The carbon pricing scheme, set to come into effect Jan. 1, will likely achieve fewer than 20 per cent of the emission reductions the government wants to see by 2020, Lysyk said.
http://business.financialpost.com/fp...-can-feel-good

That province is such a mess. They're actively trying to push business to leave there or die
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