It's a repeat of the smog scam where oil companies raked it in with SO2 cap and trade.
The structure of the scheme is identical.
A Conservative program hated by Libs.
The Political History of Cap and Trade | Science | Smithsonian
This needs a thread.
CARBON CRAP AND TRADE seen as a CONSERVATIVE PROGRAM? NO WAY IN HELL- NOT THE WAY LIE-BERALS SET IT UP! The mild and modest Conservative version IS IN PLAY already- if you want the big SUV here in Ontari-owe you pay that extra govt tax that does not hit the little smart car!
Want to clean the environment without totally destroying the economy? Then load on the penalties for sea-doos and atv`s and riding lawn mowers and 70 miles per hour bass boats and air travel=ESPECIALLY AIR travel as Cdn Geographic magazine quoted scientists telling us that 75 -85 percent of ALL pollution related to travel is spewed by airplanes- that`s WAY MORE dirt than ships and buses and cars and trucks and trains combined!
If you want to clean the air then you must pick something that uses fossil fuel that you can live without! And air planes are the easiest thing to do without- you can still get to Florida by train AND save the environment too!
The LIE-beral Carbon train wreck:
I guess the title of this older article says it all. And there are some comments of my own in brackets):
Cap and trade catastrophe. Ontario's carbon pricing scheme, which starts Sunday, is a train wreck
By Lorrie Goldstein, Toronto Sun. First posted: Saturday, December 31, 2016 06:50 PM EST | Updated: Saturday, December 31, 2016 04:25 PM EST
Ontario Premier Kathleen Wynne’s cap and trade scheme goes into effect Sunday, Jan. 1. Here are eight major reasons why you should be alarmed.
1. Costs appear to be higher than estimated
The Wynne government estimates the initial cost of cap and trade per household will be $156 per year, due to increased costs for gasoline ($8 per month) and natural gas home heating fuel ($5 per month), rising to $285 annually in 2019 in direct and indirect costs. However, its own estimate that it will take in $2 billion annually from cap and trade ($8 billion from 2017 to 2020) suggests the real annual cost to Ontarians will be $400 per household, given that Ontario has about five million households. The Ontario Energy Board says the initial increase in homeowners’ heating bills alone — which won’t be listed as a separate charge — will be $5.68 to $6.70 per month, already up to 34% higher than the government’s claim.
(I point out that thus far we are shielded from gas price increases as bankrupt Russia has refused to cut its production in line with OPEC instructions. Russia needs every penny it can get to keep what`s left of its economy afloat-and needs to make weapon sales to desperate Syrian leader ASSAD for more hard currency! Russia sells oil and weapons so that Assad can make Syrians bleed.)
2. No transparency
Unlike a carbon tax, which is visible, cap-and-trade raises the prices of most goods and services, since most consume fossil fuel energy. Businesses pass along their increased costs from having to buy carbon allowances from the government or their competitors, by raising their prices. Since the price of consumer goods is determined by numerous factors, Ontarians will have no way of knowing what they are paying for cap and trade.
3. Severe impact on low-income Ontarians
Cap and trade is essentially a hidden tax on consumption. Since lower income earners, including seniors on fixed incomes, spend a larger proportion of their income on necessities, such as heating their homes in winter, cap and trade will disproportionately impact them in terms of costs. This even though their carbon footprints are relatively small because they do not possess gas guzzling toys such as riding lawn mowers and atv`s, tend to live in apartments as opposed to single family homes, take public transit as opposed to owning cars and do not engage in fossil-fuel intensive activities such as taking foreign vacations.
(I point out that civil service Hogs who definitely DO have LARGE carbon foot prints will be the big benefactors of carbon tax since LIE-berals will use that cash to BUY Hog support at election time. Thus carbon taxes ONLY clean wallets and not air!)
4. No revenue neutrality
While the government is promising to help Ontarians cope with the higher cost of living cap and trade causes, its scheme will not be revenue neutral, meaning it will not return to the public in the form of tax cuts or grants the $2 billion annually it intends to raise from carbon pricing. Instead of helping all Ontarians to cope with the higher cost of living, the government will pick winners and losers, which governments are notoriously bad at doing.
(I point out that carbon crap and trade is a blueprint for the inflation that LIE-berals desperately want to see in action for two reasons: First-they are hoping to benefit from inflation by paying old debt off with new devalued dollars-while keeping interest rates artificially low and thus making debt easier to handle. And second, govt is terrified of deflation-the great killer of economies. Deflation makes mere recession into GREAT DEPRESSION as our history proves! One has only to look at the latest grocery store flyers-there is fresh breast of chicken on sale for $2.00 per pound-the same cost as in the late 1980`s. Grocery stores are scrapping like starving dogs for our business as we pinch our pennies ever more tightly-luring us in is getting ever harder!)
5. Limited effectiveness
Auditor General Bonnie Lysyk says cap and trade will only reduce Ontario’s industrial greenhouse gas emissions linked to climate change by 3.8 megatonnes annually by 2020, 20% of its 18.7 megatonnes target. The government claims the rest of its target, 14.9 megatonnes or 80%, will be achieved by counting emission reductions in California and Quebec resulting from Ontario’s entry into their cap and trade market in 2018.
(In other words, much of the Carbon crap tax collected in Ontari-owe will be spent in California and Quebec to purchase those carbon credit scam deals so beloved of LIE-berals. Sadly much of this carbon `reduction` will be driven by companies moving to other locations out of reach of LIE-beral madness-were they will resume production with NO net benefit to Ontari-owe air or our environment!)
6. Double counting emission cuts
Lysyk warns that since there is no agreement between California, Quebec and Ontario about how to report emission cuts under cap and trade, they may be double counted, undermining the credibility of Ontario’s reported cuts. For example, a business in California could sell 100 carbon allowances (each one permitting the bearer to emit one tonne of industrial carbon dioxide emissions or its equivalent) to an Ontario company. California could then record the sale of 100 carbon allowances as having lowered its emissions by 100 tonnes, because they’re being exported to Ontario. Meanwhile, Ontario could record the purchase of the same 100 credits by an Ontario company as having lowered Ontario’s emissions by 100 tonnes, because it lowered California’s emissions.
(In other words it’s a typical LIE-beral plan illustrating yet again Why we call them LIE-berals since they will tell us whatever they think we want to hear! And if they cannot think of things to please us then they will think of ways to hide their screw ups! )
7. No verification of emission cuts
Ontario businesses emitting greenhouse gases are expected to pay up to $466 million more from 2017 to 2020 to buy carbon allowances from emitters in Quebec and California, which could rise to $2.2 billion by 2030. “Our concern with these payments,” Lysyk said, “is that the government has not adequately studied whether Ontario businesses buying these allowances will actually contribute to additional emissions reductions in Quebec and California.” As a result, “these funds may be leaving the Ontario economy for no purpose other than to help the government claim it has met a target.”
(LIE-berals are terrified of losing votes to Greens so LIE-berals must adopt a green mantle even if un-earned and totally mis-represented- and cost be damned!)
8. Potential misuse of free carbon allowances
The Wynne government is giving out free carbon allowances — essentially free money — to major Ontario industrial emitters because it says it has to protect them from foreign competition in jurisdictions that don’t have carbon pricing. But it has not explained what mechanism it has, if any, to prevent industries that receive free allowances from raising their prices as if they had paid for them, resulting in undeserved, windfall profits, as occurred in Europe’s cap and trade market, the Emissions Trading Scheme.
(LIE-berals MUST undermine their own crap and trade program or else see virtually the entire Ontari-owe economy disappear-some companies will go bankrupt and others will flee to other jurisdictions and all that will be left is a mass of grossly disappointed civil service Hogs with bankrupt pension plans and a bunch of starving ordinary Cdn welfare recipients-and some pissed off Muslims who though they were getting a good deal by coming to Ontari-owe! Or maybe that is the LIE-beral plan? They will ruin Ontari-owe and then after all the white people leave in disgust, they can give it to the Muslims? Or to Cdn natives if Muslims decline to take possession of the deeply indebted Ontari-owe wreckage?)