Swift scrapping of carbon pricing could rack up big compensation bill for Ontario PC government -expert

Published 00:41 on March 6, 2018  /  Last updated at 00:41 on March 6, 2018  /  Americas, Canada, Carbon Taxes, US  /  No Comments

A decision by an incoming Ontario Conservative government to dismantle the province’s cap-and-trade scheme and not replace it with the Canadian federal carbon tax could result in billions of dollars in compensation claims by companies who have purchased WCI allowances.

A decision by an incoming Ontario Conservative government to dismantle the province’s cap-and-trade scheme and not replace it with the Canadian federal carbon tax could result in billions of dollars in compensation claims by companies who have purchased WCI allowances.

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