Ontario plunges into cap and trade with first carbon auction - Toronto - CBC News

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By Mike Crawley, CBC News Ottawa, March 22, 2017

The Ontario government's new climate-change plan kicks into high gear Wednesday, but the opposition leader is vowing to scrap the program if he wins next year's election. The province holds its first-ever auction of greenhouse gas emission permits under its new cap-and-trade program this afternoon.

Fuel companies, natural gas distributors, auto makers, steel mills and chemical factories are among the firms purchasing the permits.

http://www.cbc.ca/news/canada/toronto/ontario-first-cap-and-trade-auction-quebec-california-1.4034221