Wynne’s carbon crap shoot

Ontario’s premier is gambling her government can make billions of dollars from a stock market that keeps crashing

“…The problem now confronting Wynne is that in three of the last four quarterly auctions under the California/Quebec cap and trade carbon pricing scheme, only a fraction of the available carbon permits have been bought by industrial greenhouse gas emitters.

Since the sale of these permits is how governments make money from cap and trade, it means their anticipated revenues from carbon pricing have been repeatedly slashed by hundreds of millions of dollars, throwing the future of their green energy programs into doubt.”

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