What happens if Ontario makes good on plan to scrap cap and trade?
If the price of carbon stays low, it’s because there’s a significant surplus of credits, and if Quebec and Ontario need to purchase more emission credits, it is necessarily California, a much bigger market, that will have some to sell.
With the election of Doug Ford as Ontario’s next premier, the carbon market is in danger. The Quebec government plans to turn on the charm in order to keep its neighbour in the game. But what will happen if Ontario’s new Conservative government follows through with...
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