TORONTO—On Apr. 5, The Ontario Chamber of Commerce (OCC) sent Premier Kathleen Wynne an open letter, calling on the provincial government to contain the costs of cap and trade.
The OCC has stated that the province must measure the impact of cap and trade to fully understand the effects on Ontario’s business community.
The organization has identified four actions that it believes would assist the business community to better navigate the cap and trade system:
“Increased input costs imposed on the private sector mean that Ontario risks losing out on jobs and investment, and risks an economically and environmentally damaging shift in production to jurisdictions that are not taking action to reduce their greenhouse gas (GHG) emissions,” said Graham Henderson, chair of the OCC.
The OCC says that low business confidence and increasing competition from the U.S. could also negatively impact jobs and investment in the province.
The letter the OCC sent to Premier Wynne is aimed at impacting government policy in Budget 2017, and builds on earlier meetings between the OCC and senior government officials.
Last year, the OCC called on the province to delay the implementation of the cap and trade system until 2018.