Cap and Trade Cancellation
Cancelled Ontario's cap and trade program, forfeiting $3B in revenue according to the FAO. Saved drivers pennies, cost the treasury billions.
🌲 An in effect Environment policy from July 2018 · Well sourced
Updated · Created
"Eliminating Carbon Pricing"
Removing Ontario's cap-and-trade system to lower costs for families and businesses and oppose the federal carbon tax.
"Carbon tax schemes are no more than government cash grabs that do nothing for the environment."
— Doug Ford, July 2018
"$3B Revenue Lost, No Climate Plan"
Ontario cancelled cap-and-trade without any replacement climate strategy. $3 billion in revenue was forfeited — money earmarked for transit, green retrofits, and electric vehicle incentives. Then spent $30M+ on anti-carbon-tax stickers.
- $3 billion in cap-and-trade revenue eliminated overnightsource
- No replacement climate plan for 2+ yearssource
- Cancelled $2.7B in green programs (EV rebates, retrofits, transit)source
- Spent $30M+ taxpayer dollars on gas pump "carbon tax" stickerssource
This section represents editorial interpretation of documented evidence.
Figures are approximate, using publicly available Ontario cost data.
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