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Ontario’s Financial Accountability officer Peter Weltman, recently reported the Ford government’s decision to cancel Ontario’s cap-and-trade would lead to a loss of $3-billion in tax revenue over the next four years.

Meanwhile Ontario Environment Minister Rod Phillips countered with a statement sharing that the cap-and-trade program was not effective and the Ford Conservatives would much rather see the money in the pockets of Ontario families.

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Somehow not bleeding the already overburdened people of Ontario with yet another tax is a bad thing. But who is it a bad thing for you might ask?

Where would this tax money go anyway. Would it help Canadians?

As an example, one just needs to follow the green energy money right out of Ontario after a Florida owned corporation made a sweetheart deal with the Canada Pension Plan for the purchase some of NextEra’s Wind and Solar projects in Ontario. They negotiated a $741-million dollar deal that also included assuming $800 million in debt.