Wynne’s cap and trade lacks transparency

It’s impossible to know precisely how much Premier Kathleen Wynne’s cap-and-trade scheme contributed to Wednesday’s expected six-cent per litre spike in the cost of gasoline.

What we know is that her carbon pricing plan, introduced Jan. 1, will contribute on an ongoing basis to price hikes in the cost of gasoline, which was expected to jump from an average of 115.9 cents per litre on Tuesday to 121.9 cents per litre on Wednesday in Toronto.

Simply put, there’s no free lunch.

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