Randall Denley: Ontario’s $3B cap-and-trade bill not the budget black hole it seems

By Randall Denley, Ottawa Citizen, October 18, 2018

There he goes again. Ontario Premier Doug Ford has smashed up the climate-change china shop, broken everything in sight, and now we’re being handed a bill for $3 billion.

Or, as the NDP put it, “The direct result of Ford’s favour to big polluters will be $3 billion in costs piled onto the backs of the people of Ontario. That means ripping $3 billion right out of folks’ bank accounts, or cutting $3 billion from things like health care.” The Liberals chimed in too, but less colourfully.

It does sound bad, until one considers what the province’s Financial Accountability Office is actually saying. Accountability officer Peter Weltman rightly focuses on the news that cancelling the Liberal cap-and-trade plan is not quite the neat equation that we had been led to believe. That’s only part of the story, though.


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