Ontario's third cap-an-trade auction sells; brings in $526M
Ontario's third cap-and-trade auction has sold out of all allowances.
The September auction follows two similarly successful efforts in March and June, all of which are aimed at lowering greenhouse gas emissions in the province.
The government puts caps on the amount of pollution companies in certain industries can emit, and if they exceed those limits they must buy allowances at auction or from other companies that come in under their limits.
The first auction in March brought in $472 million and the June results show the second auction brought in about $504 million.
The government says the most recent auction brought in just shy of $526 million, bringing the total for the program to roughly $1.5 billion.
Revenues are being put toward green projects including retrofitting homes and putting fuel-efficient school buses on the road.
The IceDogs would surrender a goal 44 seconds into a Wednesday night and that proved to be the game winner as Kitchener won 6-0 at the Meridian Centre. The IceDogs remain in first in the Central, two points up on Barrie, with both teams having played 42 games.
Ben Jones scored a goal and added two assists as the IceDogs scored four unanswered in Erie, winning 5-3. Johnny Corneil chipped in with a pair of goals and Colton Incze made 26 saves for the first place ‘Dogs who completed their second.3 in 3 sweep this season.
Stephen Dhillon made 46 saves and Elijah Roberts scored the hat-trick as the IceDogs doubled Barrie 6-3, taking over the lead in the OHL’s Central Division. Roberts also added an assist, while Sam Miletic scored two for the second straight game plus counted an assist.