Ford: The Budget Will Balance Itself
Billions of dollars in limbo as incoming Ontario premier vows to nix cap-and-trade
The cancellation of Ontario's cap-and-trade system could leave billions of dollars in carbon credits in limbo and consumers on the hook for pricey home upgrades that were expected to be part of a rebate program.
Incoming premier Doug Ford has vowed to immediately dismantle cap-and-trade, but has offered few details on how the system will be wound down, and how or if participating companies will be reimbursed.
Jennifer Small, president of a national group that represents the Canadian window and door industry, said it wants an extension to a cancelled rebate program that has paid $500 per opening in which energy-efficient windows are installed.
The GreenON rebate program, which also funded incentives for renovators to buy qualified heat pumps, insulation, solar panels, thermostats and other energy-saving projects, has been closed — although a government website says work completed by Aug. 31 may still receive rebate funds.
https://www.cbc.ca/amp/1.4720067
Billions of dollars in limbo as incoming Ontario premier vows to nix cap-and-trade
The cancellation of Ontario's cap-and-trade system could leave billions of dollars in carbon credits in limbo and consumers on the hook for pricey home upgrades that were expected to be part of a rebate program.
Incoming premier Doug Ford has vowed to immediately dismantle cap-and-trade, but has offered few details on how the system will be wound down, and how or if participating companies will be reimbursed.
Jennifer Small, president of a national group that represents the Canadian window and door industry, said it wants an extension to a cancelled rebate program that has paid $500 per opening in which energy-efficient windows are installed.
The GreenON rebate program, which also funded incentives for renovators to buy qualified heat pumps, insulation, solar panels, thermostats and other energy-saving projects, has been closed — although a government website says work completed by Aug. 31 may still receive rebate funds.
https://www.cbc.ca/amp/1.4720067