Meanwhile, Ontario is poised to collect $131 million in carbon pricing fees from industry in 2023, according to new provincial figures. This marks the transition from the federal program for industrial carbon pricing that's been in place since 2019, imposed by Ottawa when the Ford government scrapped Ontario's cap-and-trade system. Ontario's forecast revenue from industrial carbon pricingFord and his government have been opposed to all forms of carbon pricing since taking office in 2018. The industrial carbon pricing revenue that the federal government collected in Ontario since 2019 is earmarked for clean technology projects to help industries in the province reduce emissions. "Revenue from carbon pricing should be spent on clean economy initiatives," said Wang in an interview.

Source: CBC News January 11, 2023 21:19 UTC