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TORONTO — Ontario Premier Doug Ford says his government will officially begin winding down all green programs funded through the province’s cap-and-trade system this week.

In a statement released Tuesday, Ford says he has revoked the regulation that kept the carbon pricing system in place.

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The Progressive Conservative leader, who was officially sworn in as premier Friday, had promised that cancelling cap-and-trade would be his first order of business.

Ford says the province will nonetheless honour contracts and orders that have already been signed for projects funded by cap-and-trade, such as energy efficient insulation and window retrofits.