Cap and Trade Agreement in full affect

London, ON, Canada / 106.9 The X

2017 is going to be a year of change, including an additional tax in Ontario.

A woman pumping gas into her vehicle

A woman pumping gas into her vehicle

This tax will cost you will roughly add 3.3 cents per cubic metre to your Natural gas bill expanding to about 70 to 80 dollars annually for residents.

“This tax was put it to place to make people more aware of the resources they are using” said Andrea Stass, the media relations officer of Union Gas, when asked about the reasoning behind this tax.

However, not everyone is happy about this deal as Ontario Director of the Canadian Taxpayers Federation Christine van Geyn says “I’m not the only one to point out the problems with cap and trade and how it wouldn’t really do much to reduce the emissions in Ontario. The Premier is trying to take political credit for meeting the emission reduction target even though 80% of the of what she going to be taking credit for will action being take place outside of Ontario.”

The funds raised will reportedly go to the province of Quebec and the U.S. state of California.

 

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