Kathleen Wynne says crash of the carbon market in Quebec and California could lower Ontario’s revenue from cap-and-trade

TORONTO – Premier Kathleen Wynne now says she may have to lower her estimate that cap-and-trade will raise $1.9 billion in new revenue for her government next year, in light of the crash of the carbon trading markets in Quebec and California.

Wynne has already committed $1.2 billion from anticipated cap-and-trade profits to green energy schemes, even though the province won’t receive any money until it starts auctioning off carbon credits to industry nine months from now, in March, 2017.

  • Is this b!#ch crazy?

    • Exile1981

      Yes…. and a crook.

  • mauser 98

    the cult needs $$$billions to cover it’s lies

  • Canadian Born

    I thought you could hospitalize mentally ill people? What the hell are the people of Ontario waiting for? Wynne should be declared mentally ill because it sure seems she doesn’t have a clue on what she is doing to this once great province.

  • canminuteman

    What would be nice is for Canadian industry to refuse to take part in the auction.

  • Jaedo Drax

    Because she ignored the European experience, and the California experience (this is their second bad auction), and the Chicago experience, we get pie in the sky predictions, and will require the taxpayer to pour even more money into their scam.

  • Concerned Canadian

    What happened to “Revenue Neutral”?