Ontario's Economic Investment Outlook Dims With New Government Energy Actions

Silvio Marcacci and Sara Hastings-Simon, Forbes.

Ontario’s government framed its reversal of carbon pricing and clean energy programs as an attempt to “save the little guy” – but it may have inadvertently thrown its economy in reverse while losing jobs and costing consumers.

Under recently elected Premier Ford, the Ontario government’s decisions to withdraw from the Western Climate Initiative (WCI) carbon market, oppose federal carbon pricing plans, and cancel hundreds of planned clean energy projects seem short-sighted for an economy that was already humming along.