Patrick Brown claimed: “They say it’s a balanced budget”
Fact: A balanced budget has been confirmed by Fitch, the National Bank, Paul Boothe and the Independent Financial Accountability Officer.
(Source: https://www.fitchratings.com/site/pr/1025397, https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/ontario-budget.pdf, http://www.macleans.ca/economy/economicanalysis/how-exactly-did-ontario-liberals-balance-the-budget/, http://www.fao-on.org/en/Blog/Publications/EFO_Spring_2017_876023)
Patrick Brown claimed: “cap and trade…Ontario it sends 2 billion to California and Quebec by 2030”
Fact: As noted by the independent Environmental Commissioner of Ontario, “linked cap and trade programs can have less price volatility and that linking can be beneficial for smaller jurisdictions like Ontario.”
The Institute for Competitiveness and Prosperity agrees, noting that “a linked system expands the opportunity to find the lowest cost abatement across sectors, firms and regions.”
With buyers and sellers in each jurisdiction, revenue will flow back and forth as credits are bought and sold. This is an exchange – calling it anything else is wrong.
Fact: Patrick Brown’s own carbon tax scheme would cost families and businesses four times more without guaranteeing any reductions. And it doesn’t include the investments necessary to reduce costs for families and businesses.