Twenty Chambers Across Ontario Call for Deferral in Provincial Cap & Trade Program to prevent jobs, investment from leaving Ontario
Chambers cite high costs of program on top of skyrocketing electricity prices as well as a changed policy direction of the United States
PETERBOROUGH, ON, Tuesday, December 20, 2016 – Today, 20 chambers across Ontario are calling for a deferral of the Provincial Government’s Cap and Trade program scheduled to be implemented January 1, 2017. There are several reasons for this call including:
“Businesses are already struggling under the weight of ever increasing costs,” says Stuart Harrison, President & CEO, Peterborough Chamber of Commerce. “And we are extremely concerned about the impacts of these additional charges on jobs and the economy.”
As well, with the recent federal policy calling for the provinces to have plans in place by 2018, we believe deferring the program for at least a year to better understand and communicate the exact impact would benefit all. The Chamber Network passed a resolution at the Ontario Chamber of Commerce AGM in May 2016. The first recommendation was that the program be deferred until 2018.
“There’s no need to push this program through,” adds Harrison. “Why not take the year and start the Ontario program at the same time as the other provinces that have signed the federal agreement? Deferring the program also allows for analysis of any new policies that may come from the Trump administration in the U.S.”
Ontario has already made great strides in reducing Greenhouse Gas Emissions (GHGs) with the elimination of coal; however, the full economic impact of that decision is still playing out.
Our members tell us: “Business loves certainty” and without it, they are less likely to hire and invest in themselves.
As a result, these 20 Chambers across Ontario request that the Ontario government delay the implementation of the cap and trade program for at least one year.
For more information contact:
Sandra Dueck, Policy Analyst/Communication Specialist
Peterborough Chamber of Commerce
705.748.9771 x215 or firstname.lastname@example.org
• The recent Auditor General concerns outlined in her recent report (Chapter 3): http://www.auditor.on.ca/en/content/annualreports/arreports/en16/v1_302en16.pdf. Some of the report’s main concerns are presented below:
LIST OF PARTICIPATING CHAMBERS
Ajax Pickering Chamber of Commerce
Burlington Chamber of Commerce
Chatham-Kent Chamber of Commerce
Greater Kitchener Waterloo
Greater Peterborough Chamber of Commerce
Greater Sudbury Chamber of Commerce
Hamilton Chamber of Commerce
Ingersoll Chamber of Commerce
Kingston Chamber of Commerce
London Chamber of Commerce
North Bay Chamber of Commerce
Northwestern Ontario Associated Chambers of Commerce
Newmarket Chamber of Commerce
Sault Ste Marie Chamber of Commerce
Sarnia Lambton Chamber of Commerce
St Thomas & District Chamber of Commerce
Thunder Bay Chamber of Commerce
Tillsonburg District Chamber of Commerce
Timmins Chamber of Commerce
Windsor-Essex Chamber of Commerce
The Peterborough and the Kawarthas Chamber of Commerce acts as a catalyst to enhance business growth, opportunity, innovation, partnerships and a diverse business community.