Winners and losers of Ontario’s climate-change plan
By Shawn McCarthy and Richard Blackwell, The Globe and Mail.
Renewable energy companies see tremendous opportunity in Ontario’s climate-change plan, though skeptics question whether the proposed incentives and regulations will achieve the government’s goals and will impose costs that are unacceptable to voters.
The $7-billion plan – outlined in a document leaked to The Globe and Mail – would provide incentives for energy retrofits and fuel switching; change building codes to require energy-efficiency improvements and phase out fossil-fuel use in new homes; and mandate a 5-per-cent reduction in greenhouse gas (GHG) emissions from transportation fuels.