Cap-and-trade auction little more than a cash grab

Congenital liar

It’s hard to imagine how even Premier Kathleen Wynne’s incompetent government could screw up its first auction of carbon credits to major industrial emitters Wednesday under its new cap and trade plan.

That’s because this one only involves Ontario industries and the province established all the rules.

The bigger gamble will come next year when Ontario joins the roller coaster California-Quebec cap and trade market.