19 May Ontario Passes Carbon Cap & Trade Legislation
Ontario passed landmark climate change legislation to ensure that the province is accountable for responsibly and transparently investing proceeds from the cap and trade program into actions that reduce GHG’s, creat jobs, and help people and businesses shift to a low-carbon economy.
Under the Climate Change Mitigation and Low-Carbon Economy Act, money raised from Ontario’s cap and trade program will be deposited into a new Greenhouse Gas Reduction Account. The account will invest every dollar in green projects and initiatives that reduce emissions.
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