First, it appears the government will have to pay back the almost $3 billion that businesses invested in the environmental program. And on Wednesday the federal government announced that Ontario may now not be eligible for the $420 million designated for the province under the Low Carbon Economy Leadership Fund.
Then, of course, there’s the niggling fact that the Trudeau government has said any province that doesn’t have its own carbon-pricing scheme in place by 2019 will inherit the federal carbon tax. Ford has set aside another $30 million of taxpayer dollars to fight that edict in court.
Killing the program also effectively costs consumers and businesses $1.9 billion in annual “green” programs paid for by cap-and-trade revenues. Among them, were subsidies for retrofitting windows and energy-efficient insulation to help consumers reduce hydro and natural gas bills.