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Canadian Press - Doug Ford determined to scrap cap and trade

PornAddict

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That's not a good comparison.
Companies bought into the carbon cap market with $3 billion worth of credits, those credits become unusable in Ontario.
Does Ford reimburse those companies for investments that he makes worthless?

Hey loser you lost!!

LOL !! KIll cap & Trade ..Kill carbon TAX!! 97% conscenus on AGW is fake!! Fuck AL Gore!! FUck Mann and fuck hit them with a hockey stick over their head!!


On Friday Ford suggested his government — to be sworn in on June 29 — won’t follow the requirement to give one year’s notice to end its participation in the market and also suggested he wont reimburse companies for the $2.8 billion of carbon allowances that have been bought but are now worthless.

“They’re going to see immediate relief, everyone’s going to see it because we’re going to reduce gas prices,” Ford said in response to a question on whether he would reimburse the companies.

Cancelling cap-and-trade is key to Ford’s promise to reduce gas prices by 10 cents a litre. The carbon price added 4.3 cents to the price of gas but with Ottawa promising to replace the cancelled cap-and-trade system with a federally imposed carbon tax there’s no guarantee prices will go down.

On the same day that Ford announced his plans, information on the August cap-and-trade auction was released. The information documents issued by Quebec and California said companies registered in Ontario wouldn’t be allowed to participate in the auction.

The move ensured that the market wouldn’t be flooded with allowances that Ontario companies no longer need.

Ford told reporters on Friday he didn’t expect that lawsuits would result from his decision. He said his team has “looked into it” and said he thinks companies would be “quite happy that they won’t be paying in the future.”

The $2.8 billion that Ontario has raised from the cap-and-trade market was supposed to go towards programs that would further cut greenhouse gas emissions. Ford has said those programs, such as subsidies for energy retrofits, will also be cancelled.

In response to the tweets from Butts’ Progressive Conservative spokesperson Simon Jefferies said the incoming government will “provide clear rules to wind down the cap-and-trade scheme in a responsible manner.”

“Doug Ford and the Ontario PCs were elected on a strong mandate from the people of Ontario to scrap the carbon tax and put more money in the people’s pockets,” the statement from Jefferies said. “We believe businesses across the province will be happy they don’t have to pay this tax anymore.”
 

PornAddict

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Only California and Quebec are screwed by Ontario's pull out. California & Quebec created large CO2 allowance surpluses (Calif more than Quebec). When Ontario pulls out there's no one to buy their surplus hot air allowances. These are govt of Calif estimates.

https://mobile.twitter.com/AldyenDonnelly/status/1008890681090138112/photo/1

https://mobile.twitter.com/AldyenDonnelly/status/1008890681090138112/photo/2

Now I understand why Govenor of California came to Ontario to talk about value of Cap & Trade

TORONTO -- The governor of California waded into an Ontario election issue Monday, saying a Progressive Conservative plan to scrap the province's cap-and-trade system would be foolish.
Gov. Jerry Brown was asked about the controversial Tory proposal after meeting with Liberal Premier Kathleen Wynne to discuss next steps to fight climate change.

https://toronto.ctvnews.ca/californ...-ontario-s-cap-and-trade-is-foolish-1.3887148



PPS Look like we don't have to sent billions of dollars to California or Quebec anymore !!
 

Frankfooter

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PornAddict

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Thats from Trudeau's principal secretary.
https://www.theglobeandmail.com/pol...-doug-ford-does-not-expect-any-lawsuits-from/

Those businesses will be suing Ontario while Ontario tries to sue the feds.
Ford is off to a stupid start.

What the fuck BUTT know!! He can go lick Trudeau butt!!

The move ensured that the market wouldn’t be flooded with allowances that Ontario companies no longer need.....

Ford told reporters on Friday he didn’t expect that lawsuits would result from his decision. He said his team has “looked into it” and said he thinks companies would be “quite happy that they won’t be paying in the future.”

.”
PS Like I said before , the cost was already pass to the consumer example the extra $0.05 per litre in gasoline we all already paid when we filled up our gas tank!!
 

Moviefan-2

Court Jester
Oct 17, 2011
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What the fuck BUTT know!!
Indeed. I couldn't believe Butts had the gall to tweet those comments.

Butts was the architect of the green energy agenda in Ontario that has been an unmitigated disaster. Billions have been wasted for no good reason.

The idea that taxpayers could be on the hook for even more money because of the Liberals' green energy fiasco is hardly something to be bragging about on Twitter.
 

Frankfooter

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Moviefan-2

Court Jester
Oct 17, 2011
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By the way, CO2 is now at 410 ppm.
Are you claiming that this is:
a) a conspiracy
b) not a problem, as its happened before in thermal maximums
c) not an issue because 410 < 350
China -- the primary driver of the increase -- obviously doesn't see it as a problem.

I'm not sure Angela Merkel and the other members of the E.U. are all that concerned, either, as they're all reportedly failing to meet their Paris agreement commitments.

http://www.caneurope.org/docman/cli...-and-progress-in-fighting-climate-change/file

Despite all the virtue signalling in Ottawa, Canada is also failing to meet its commitments.
 

PornAddict

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jcpro

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Is the Tesla subsidy gone, yet? That should be number one on the list.
 

Frankfooter

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China -- the primary driver of the increase -- obviously doesn't see it as a problem.

I'm not sure Angela Merkel and the other members of the E.U. are all that concerned, either, as they're all reportedly failing to meet their Paris agreement commitments.

http://www.caneurope.org/docman/cli...-and-progress-in-fighting-climate-change/file

Despite all the virtue signalling in Ottawa, Canada is also failing to meet its commitments.
I didn't think you'd answer.
 

oldjones

CanBarelyRe Member
Aug 18, 2001
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By the way, I thought the cap and trade scheme was supposed to help reduce man-made CO2 emissions. :biggrin1:
If you're suggesting that the startup cap and trade agreement hasn't reduced those emissions, you'll need to cite comparative numbers. The faulty logic you imply, is like a driver taking their foot off the brake because the car's still hurtling towards the cliff.
 

Frankfooter

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By the way, I thought the cap and trade scheme was supposed to help reduce man-made CO2 emissions. :biggrin1:
It will, when its implemented globally.
Just like your diet will help you lose weight, when you start implementing.
 

Moviefan-2

Court Jester
Oct 17, 2011
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If you're suggesting that the startup cap and trade agreement hasn't reduced those emissions, you'll need to cite comparative numbers.
Nonsense. The onus is on the defenders of cap and trade -- a measure that increases costs for consumers -- to prove that it was actually making a difference. Good luck finding any evidence to support that idea.

Consider this: The Liberals were fighting for their political lives in the recent election. To a large extent, the party was in trouble because of the skyrocketing hydro costs and the Liberal government's disastrous green energy agenda.

If they had evidence that cap and trade was producing environmental benefits, they would have used it. They didn't produce any such facts because they don't exist.
 
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