Reevely: Killing Ontario's cap-and-trade system will cost only $5M, environment minister says

Ontario will compensate only a handful of companies that bought carbon-emissions permits in the cap-and-trade system the new Progressive Conservative government is killing, Environment Minister Rod Phillips announced Wednesday.
The provincial government will keep several billion dollars that it made selling those permits under the previous Liberal government, that means, and not spend it on the environmental programs and projects for which it was intended. They’ll have something like $2 bi