Ontario cap-and-trade—a cash grab with little environmental benefit

Ontario’s cap-and-trade system took effect on January 1, with Ontario households expected to pay an additional $156 annually. The cap-and-trade system essentially amounts to a tax on companies that emit greenhouse gases in an effort to reduce emissions. It’s expected to drive the price of gasoline up about 4.3 cents per litre and increase the cost of home heating by up to $6.70 a month.The Ontario government maintains that the money raised will be used to reduce emissions or help business and consumers adapt.When it comes to taxes, the rule of thumb is that if you want less of anything,

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