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.
Ben Jones scored a goal and added two assists as the IceDogs topped the Bulldogs 4-1 in Hamilton. In the season opener for both teams, Stephen Dhillon was top notch in goal with 39 saves.
Three goals in the first 2:35 of the game propelled the IceDogs to a 5-2 exhibition win in Kitchener. Stephen Dhillon was outstanding in goal as Billy Burke's Dogs faced a large number of shorthanded situations.
Ondrej Machala scored two goals and added an assist as the IceDogs dropped a 7-5 decision to the Kitchener Rangers. The third game of the pre-season was played before a great crowd at the Fleming Centre in Beamsville.