Cap-and-trade will cost Ontarians $8B in first years with minimal greenhouse gas reductions: auditor
Ottawa Citizen

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By Allison Jones, Ottawa Citizen, November 30, 2016

TORONTO — 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.

In her annual report, Bonnie Lysyk said households will pay an average of $156 next year in added costs on gasoline and natural gas, rising to $210 in 2019 plus another $75 that year in indirect costs on goods and services.

http://ottawacitizen.com/news/politics/cap-and-trade-will-cost-ontarians-8b-in-first-years-with-minimal-greenhouse-gas-reductions-auditor