“We believe that this money belongs back in the pockets of people.”
Ontario Premier Doug Ford and the new cabinet have officially revoked the regulation that implemented the cap-and-trade carbon tax.
The move fulfills Doug Ford’s campaign promise that repealing cap-and-trade would be the first move of the new Ontario Government for the People.
In a release, Ford said “Every cent spent from the cap-and-trade slush fund is money that has been taken out of the pockets of Ontario families and businesses. We believe that this money belongs back in the pockets of people. Cancelling the cap-and-trade carbon tax will result in lower prices at the gas pump, on your home heating bills and on virtually every other product that you buy.”
The Ontario government noted an Auditor General report that said cap-and-trade could cost consumers and businesses in the province $8 billion, without doing much about emissions.
“Cap-and-trade and carbon tax schemes are no more than government cash grabs that do nothing for the environment, while hitting people in the wallet in order to fund big government programs,” said Ford. “I promised that the party with taxpayers’ dollars was over and that this would include scrapping the cap-and-trade carbon tax slush fund. Today we are keeping that promise.”
Ford says the government will honour past agreements under the cap-and-trade system in cases where contracts have already been signed, which is a wise move to avoid possible legal action. But going forward, the program is finished.
“We are getting Ontario out of the carbon tax business,” concluded Ford. “Our focus will be to give people lower gas prices, lower energy bills and a real break in their wallets in order to get our economy going and create jobs. Help is here.”
Ford is off to a strong start, and is validating the trust Ontarians put in him by keeping his promises to the People.
Photo – YouTube