It’s taken some time but Doug Ford’s government finally has a number on climate change that they really want to talk about: $264. Peter Weltman, Ontario’s Financial Accountability Officer, says cancelling cap-and-trade has left the province with a $3 billion hold in its budget. But, as usual, there is far more here than can be summed up by the simplistic money-in-your-pocket slogans that Ford’s PCs like best. That’s funding for infrastructure projects gone up in smoke, as well as $600 million in costs to wind down cap-and-trade and $5 million in compensation. And why, according to Weltman, that Ontario households will now pay much more than they would have under the provincial plan that Ford cancelled.

Source: thestar October 17, 2018 21:56 UTC