Cap-and-trade is not causing prices to soar but does have a small impact

January 8, 2017 by Billy Hamshaw

(Source: Ottawa Citizen) We can expect to hear all year about how Ontario’s new cap-and-trade system is causing consumers pain at the gas pumps — especially if the opposition parties and right-leaning advocacy groups have anything to say about it. But if gas prices do go way up this year, it will be because of other global factors. The impact of cap-and-trade is just a few cents per litre. And while that cost will increase slowly in the following years, it’s the swings in the price of crude oil that have a much larger impact. Read full article…

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