Ontario Premier Kathleen Wynne announced Monday she’s going to price industrial carbon dioxide emissions through a cap-and-trade market, without telling us the price.
She said it would be irresponsible to estimate how much more we’re all going to have to pay for virtually all goods and services, because the Liberals haven’t yet designed their cap-and-trade system.
This is very hard to believe.
The Liberals have been planning cap-and-trade for seven years.
It’s true they can’t come up with an exact price, because it depends on how quickly they plan to reduce emissions and what the market price of a carbon credit will be (more on that in a moment).
But for Wynne to claim she has no idea of the cost is absurd.