Ford said his government will honour arrangements, orders and contracts that have already been signed for things like energy efficient insulation and window retrofits, but all other initiatives will only be funded on a case-by-case basis from general tax revenues, after the PCs complete their value-for-money audit of Ontario's finances. To be exact, Ford promises to cut gas costs by 10 cents a litre. Decisions to continue any specific initiatives now supported by the fund will need to be paid for out of the tax base and will be made on a case-by-case basis in alignment with the Ford government's Plan For the People and the upcoming value-for-money audit.
But Ford said businesses will benefit financially from no longer having to buy carbon credits, and Ontario will challenge Trudeau in court. A spokesman for Ford said the ministers' offices are not now staffed and requests for comment should go to the premier's office. But payments will be decided after looking at the overall plan he has for the province. On Tuesday afternoon, the federal government was already criticizing the change in direction at Queen's Park.
However, there's no indication of what the new government plans to do to curb skyrocketing ticket prices on resale websites.
"Canadians expect us to protect the environment and grow our economy, and we are taking action".
China customs delays clearing US goods as duties loom
Companies worry the dispute could chill global economic growth, but Asian financial markets took Friday's developments in stride. From blue jeans to motorbikes and whiskey, the EU's hit-list of products targeted the most emblematic of American exports.
In order to scrap the program, the premier must first amend or rescind the legislation that governs it, said Keith Brooks, program director for the advocacy group Environmental Defence. "We know that the premier. promised to get rid of cap and trade and we understand he's moving quickly to fulfill that promise but I think that there are some problems here because there are some questions that haven't been answered", he said.
"The Ontario government will need to find billions of dollars to buy back those permits, or risk being sued".
Ford was sworn-in as Ontario's 26th premier last Friday.