Nature of risk
Repealing these sections is the definition of climate backtracking. If this repeal is approved, the Government will not be required to establish targets for reducing greenhouse gas emissions in Ontario nor create and prepare climate change plans and reports. Removing these targets and plans will allow Canada to stray further away from achieving their international commitments and allow no mechanisms for accountability.
Policy summary
What changed
As part of Ontario's 2025 Fall Fiscal Review, legislative amendments to repeal sections 3-5 of the Cap and Trade Cancellation Act, 2018 have been proposed. This Act sets out the legal framework for an orderly wind-down of the greenhouse gas cap and trade program including the compensation framework. Under this Act, the government is required to establish targets for reducing the amount of greenhouse gas emissions in Ontario and prepare a climate change plan and progress reports about the plan. Sections 3-5 specifically fall under 'Targets, Plan and Progress Reports'
Primary source