It was set to help develop 41 green social housing programs, and 20 improvement or retrofit projects for social housing apartments.
Under this system, companies are able to purchase allowances to offset the pollution they expect to emit over a given period.
All the revenues generated through the sale of these allowances go directly into government coffers and are then dedicated to green energy projects.
According to the list obtained by National Observer, the 227 cancelled projects amounted to about $1.88 billion allocated to projects in municipalities.
A renewable thermal energy system at the Etobicoke Civic Centre (in Doug Ford's riding) to make it Toronto’s first net-zero community.
“It was costly, it was ineffective, it was killing jobs," Phillips, the now finance minister said of the program at the time.
British Columbia, California and several European nations who have carbon pricing programs have reduced their emissions while maintaining strong economies. »
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