Enviros, Automakers Applaud Ontario's $8.3 Billion Climate Change Plan

"Ontario's climate change plan, which will provide billions of dollars in subsidies and incentives to businesses and homeowners, was greeted with cautious optimism Wednesday by environmentalists and businesses.

The province will spend up to $8.3 billion on a range of programs to encourage people and companies to switch to more energy-efficient heating systems, buy electric or hybrid cars, convert big trucks to natural gas, add more bio-fuel to gasoline, and help the agriculture and industrial sectors adopt low-carbon technologies.

Most of the money is expected to come from a cap-and-trade program for industrial polluters that the Liberal government expects will raise $1.9 billion a year. All of the cap-and-trade money will go into a dedicated fund for lowering Ontario's carbon footprint."

Keith Leslie reports for the Canadian Press June 08, 2016.