Friday, June 15, 2018

FORD'S PLEDGE TO SCRAP CAP-AND-TRADE

   Toronto Star:  MONTREAL—Ontario’s partners in a North American emissions-trading market are hoping to convince Premier-elect Doug Ford to scrap an election pledge to pull out of the program.
   Quebec Environment Minister Isabelle Melançon said she is anxiously awaiting the swearing-in of Ontario’s Progressive Conservative cabinet so that she can take up the defence of the trading scheme through which companies that pollute beyond an ever-decreasing threshold can buy credits, the proceeds of which go toward emissions-reduction programs.
   While an Ontario pull out would carry little in the way of concrete negative impacts for the other two partners in the carbon market — Quebec and California were in it alone before Ontario signed on — Quebec’s Melançon said it would be a setback for the environment.

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