Ontario’s third cap-and-trade auction brings in $526M

The government puts caps on the amount of pollution companies in certain industries can emit, and if they exceed those limits they must buy allowances at auction or from other companies that come in under their limits.

  • Exile1981

    So the government stole another 526 million from ontario businesses and tax payers.

    • Clausewitz

      Lets call this what it really is, Pollution Credits. It’s OK to pollute the environment in Ontario just as long as you pay the shake down costs of the Provincial Liberals so they can use the money to buy more votes.

      • Reader

        For the first time, I disagree with you. Carbon Dioxide is not a pollutant.

        This has nothing to do with real pollutants like particulate matter, sulphur dioxide, nitrous oxides and other molecules.

        It is about Carbon Dioxide and the fearmongering that it contributes to catastrophic “Global Warming”.

        • Clausewitz

          I also do not believe that Carbon is a pollutant. I’m thinking more of good old fashion 70’s era pollution and all of the work that has been done to clean up the environment since then. I think the Liberals are all for taking steps backwards as long as there’s money in it for them.

      • mauser 98
      • The Butterfly

        C02 isn’t pollution, it’s plant food.

  • The secular indulgences of the Ontario government.

    • Reader

      And for your money, you will be absolved of your “sins”.

      • Observer

        Only your CO2 sins.

        To be absolved of all your sins you need to be a major contributor to the Liberal Party.

      • Exactly.

  • ontario john

    Meanwhile, CTV Barrie reported the other day, that poor people are becoming homeless because they can’t afford the outrageous hydro rates. But hey, the bought and paid for media will never abandon her. Trudeau has lots of cushy diplomatic posts to fill.

  • Marius K

    …but the trains are on time…..err, never mind that was a different political system

    • Clausewitz

      Not so much……….

  • mauser 98

    Vostok Ice Core and the 14,000 Year CO2 Time Lag

    CO2 and warming not related