Ontario tosses a wrench in cap and trade program

zRants

By Dan Morain :calmatters – excerpt

A populist’s victory in the Canadian province of Ontario could affect California’s cap-and-trade program, as legislators and Gov. Jerry Brown prepare to divvy up $1.8 billion in revenue from the program this week.

Brown will take a slice for high-speed rail. Other money likely will go for fire prevention. Projects must lower greenhouse-gas emissions, although any reduction from high-speed rail would come years from now.

As explained by CALmatters’ Julie Cart, polluters subject to the cap and trade—think oil refineries—pay to offset the impact of their emissions.

Complications: Doug Ford, a conservative, won election as premier in Canada’s most populous province on June 7 and says his first act will be to end Ontario’s involvement in the cap-and-trade program. That would leave Quebec as California’s only partner… (more)

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