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PC Government Introduces Legislation to End Cap and Trade

July 25, 2018

Eliminating tax will help save the average family $260 per year

(QUEEN’S PARK) – Today Rod Phillips, Minister of the Environment, Conservation and Parks, announced details of legislation that formally end to the cap-and-trade carbon tax era in Ontario.

“Ontario’s carbon tax era is over,” said Minister Phillips. “Cancelling cap-and-trade is not only the right thing to do, but it’s an important step to saving money at the gas pump and kick-starting the economy.”

Under the Liberal government, Kathleen Wynne’s expensive cap-and-trade carbon tax made Ontario unaffordable and uncompetitive, and added 4.3 cents per litre to the cost of gasoline. Today’s move to introduce legislation to bring an end to the tax will help to usher in an era where Ontario will once again be the economic engine of Canada.

“We campaigned on a clear commitment to eliminate the cap-and-trade carbon tax and today we did just that,” said Cho. “Promises made. Promises kept. The orderly wind down of cap-and-trade is a key step toward fulfilling that commitment, bringing down gas prices by 10 cents per litre, and getting Ontario back on track and competitive again.”