Americas > Ontario cap-and-trade repeal bill sees compliance obligations, few refunds for purchased allowances

Ontario cap-and-trade repeal bill sees compliance obligations, few refunds for purchased allowances

Published 21:24 on July 25, 2018  /  Last updated at 23:03 on July 26, 2018  /  Americas, Canada, Carbon Taxes, US

The Ontario government on Wednesday introduced a bill to formally repeal the province’s cap-and-trade programme, earmarking compensation equivalent to a tiny fraction of the nearly C$3 billion raised through allowance sales and effectively establishing compliance obligations for the scheme's emitters.
The Ontario government on Wednesday introduced a bill to formally repeal the province’s cap-and-trade programme, earmarking compensation equivalent to a tiny fraction of the nearly C$3 billion raised through allowance sales and effectively establishing compliance obligations for the scheme's emitters.


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