Ontario promises to reveal cap-and-trade plan details within weeks

By The Canadian Press, via CBC News.

Ontario's Liberal government is promising all the details of its cap-and-trade plan to put a price on carbon and reduce greenhouse gas emissions will soon be public.

Environment and Climate Change Minister Glen Murray says the government is wrapping up consultations with manufacturers and large polluters on what he admits is a very complex design for the cap-and-trade initiative.

Murray says there will legislation and a regulation that will spell out details of the plan, which will impose pollution limits on companies but allow them to buy credits if they exceed their limit or sell their credits to other polluters if they're under.

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