The Ford government’s plan to repeal the previous government’s Climate Change Mitigation and Low-carbon Economy Act was posted to Ontario’s Environmental Registry (ERO) September 11, under ERO number 013-3738.
The ERO summary explains, “This Act repeals the Climate Change Mitigation and Low-carbon Economy Act, 2016 and provides for various matters related to the wind down of the Cap and Trade Program. It also establishes a requirement for the Minister to prepare a climate change plan and to prepare progress reports in respect of the plan.”
Matters addressed by the Act include:
• The retirement and cancellation of cap and trade instruments.
• The payment by the Crown of compensation in respect of cap and trade instruments, the amount of which is to be determined in accordance with the regulations. The obligation to pay compensation is subject to various limitations set out in the Act.
• Preventing any cause of action from arising against the Crown and specified related persons as a result of various specified matters, including the enactment of the Act and the repeal of the Climate Change Mitigation and Low-carbon Economy Act, 2016.
• The extinguishment of any existing proceedings, and the prevention of any future proceedings, against the Crown and other specified related persons, in relation to specified matters.
The posting is at https://ero.ontario.ca/notice/013-3738.