$3B MORE IN ONTARIO TAXPAYERS' POCKETS

  The Doug Ford government’s bottom line will take a $3 billion hit over four years due to the cancellation of the cap-and-trade program, a new report from Ontario Financial Accountability Officer Peter Weltman projects.
   Environment Minister Rod Phillips didn’t dispute the FAO’s $3 billion figure, but said that money went into the pockets of Ontarians who are no longer paying extra for gasoline, natural gas and diesel.
   “It was a $3 billion cut of a regressive tax that was targeting low and middle-income people,” Phillips said, describing cap and trade as a regressive carbon tax that didn’t achieve climate change goals.