Below is just a single highlight from the Auditor Generals report. I recommend you be sitting down as it gets much worse.
“…She warned the cap-and-trade program won’t come close to meeting its 2020 target for reducing emissions, echoing concerns recently raised by the province’s environmental commissioner.
Just 3.8 megatonnes of the projected 18.7 in reduced emissions are likely to be in Ontario — with the province planning to “take the credit” for its own as well as the 14.9 megatonnes that are actually cut in Quebec and California.
“The (environment) ministry has not publicly said that it intends to achieve Ontario’s target by counting reductions achieved in its partner jurisdictions,” says the report.
Because the province is planning to link its system — something the auditor general notes has not been formally signed off on — it allows polluters to purchase allowances from outside the province if available.
That could even allow businesses to buy extra emission allowances, hampering conservation efforts.
She said that through the allowances, Quebec and California could receive $466 million by 2020 and some $2.2 billion “will leave the Ontario economy” by 2030.”
h/t Ontario John