Accountability officer Peter Weltman rightly focuses on the news that cancelling the Liberal cap-and-trade plan is not quite the neat equation that we had been led to believe. The big picture number is still that ending cap-and-trade will save Ontarians about $7.2 billion over four years. He compares the costs of Ontario’s former cap-and-trade program with the new federal carbon tax that Ontarians might now face. In summary, there is a reasonably significant cost hangover from the cap-and-trade plan, but we are getting something for the money. As far as the cap-and-trade plan itself went, it was really only attractive to those who like to sound green without spending much, relatively speaking.

Source: National Post October 18, 2018 22:35 UTC