Catastrophe

Ontario Premier Kathleen Wynne’s cap and trade scheme goes into effect Sunday, Jan. 1. Here are eight major reasons why you should be alarmed.

Ontario Premier Kathleen Wynne’s cap and trade scheme goes into effect Sunday, Jan. 1. Here are eight major reasons why you should be alarmed.

1. Costs appear to be higher than estimated

The Wynne government estimates the initial cost of cap and trade per household will be $156 per year, due to increased costs for gasoline ($8 per month) and natural gas home heating fuel ($5 per month), rising to $285 annually in 2019 in direct and indirect costs. However, its own estimate that it will take in $2 billion annually from cap and trade ($8 billion from 2017 to 2020) suggests the real annual cost to Ontarians will be $400 per household, given that Ontario has about five million households. The Ontario Energy Board says the initial increase in homeowners’ heating bills alone — which won’t be listed as a separate charge — will be $5.68 to $6.70 per month, already up to 34% higher than the government’s claim.

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FredR
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FredR

But don’t worry, Nanny Wynne will look after the poor and affected, er, make that afflicted, by offering them discounts and rebates and gerrymandered billings and invoices… especially near election time.

The rest of us working stiffs can go pound sand into solar cells.

BTDT
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BTDT

Bend over and grab your ankles Ontarians. 39.47% of Canadians who voted in the last election are realizing (or perhaps not) that they are getting exactly the government they deserve. The major problem however is that the SOBs are taking the rest of us along for a ride that we made clear we did not want.

Gas prices soar as cap-and-trade program kicks in

http://www.citynews.ca/2016/12/31/gas-prices-soar-cap-trade-program-kicks/