Ontario passes legislation to end Cap and Trade Carbon Tax

Government of Ontario press release – On Wednesday Oct. 31/2018 Ontario’s Government for the People delivered on a promise to make life more affordable for families through the passage of Bill 4, The Cap and Trade Cancelation Act.

The elimination of the cap and trade carbon tax will reduce gas prices, save the average family $260 per year, and remove a costly burden from Ontario businesses, allowing them to grow, create jobs and compete around the world.

“While today marks an important milestone for Ontario, just last week Prime Minister Justin Trudeau announced his intentions to impose a punishing, job-killing new carbon tax on the people of Ontario,” said Premier Doug Ford. “Our government is part of a growing coalition of other provinces across Canada that oppose and will ultimately repeal the federal carbon tax, which does nothing to reduce Canadian greenhouse gas emissions while raising the cost of essentials like home heating and gasoline.”

Ontario remains committed to using every available tool to challenge the federal government’s ability to impose an unconstitutional, punishing new carbon tax on families and businesses.

“Our commitment to the people of Ontario was to put more money back in their pockets, to make life more affordable and to protect and create jobs,” said Rod Phillips, Minister of the Environment, Conservation and Parks. “Promise made, promise kept. Ontario’s cap and trade carbon tax era is officially over.”

To highlight the benefits of this legislation, Minister Phillips joined some of the many Ontarians who felt the impact of the cap and trade carbon tax, including representatives from the Coalition of Concerned Manufacturers and Businesses of Canada, Canadian Manufacturers & Exporters and member companies.

Later this fall, Ontario will release a comprehensive, made-in-Ontario environment plan to help protect and conserve our air, land and water, address urban litter and waste, increase our resilience to climate change and help all of us do our part to reduce greenhouse gas emissions.

 


 

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