All signs point to 2015 as the year Kathleen Wynne imposes ‘carbon pricing’ on Ontarians
Here’s my first prediction for 2015.
It’s the year Premier Kathleen Wynne will put a price on industrial carbon dioxide emissions in Ontario, either through a carbon tax or cap-and-trade, which is another name for a carbon tax.
A perfect storm of factors favours such a move.
First, Wynne needs the money, given that the Liberals’ reckless spending since taking power in 2003 has left the Ontario government mired in debt.
As Auditor General Bonnie Lysyk recently noted, even if Wynne fulfills her promise to balance the budget by 2017-2018, Ontario will at that point be $325 billion in debt — more than double what the Liberals inherited in 2003 — or $23,000 for every man, woman and child in the province.