I am happy that someone from Ontario has taken an initiative in trying to reduce GHGs and our carbon emissions by doing this...but is this a GOOD THING for Ontario?? What do all of you think?

Below is parts of the story i got from www.ctv.ca/servlet/ArticleNews/story/CTVNews/20080602/carbon_trading_080...

"
The premiers of Ontario and Quebec have signed an agreement to cut greenhouse gases in their provinces -- a move that has angered the federal government.

"One of the reasons we got together is that we think we can go further, faster," said Ontario Premier Dalton McGuinty on Monday. "The feds have failed to put forward a plan in keeping with the ambitions and aspirations of Canadians."

Dalton and Quebec Premier Jean Charest said they sealed their deal because Canadians are disappointed with the federal government's proposals to control gas emissions.

The Quebec-Ontario deal will involve a basic framework for an inter-provincial cap-and-trade system -- with a 1990 baseline for emission levels. The system aims to limit industrial emissions by allowing companies to sell unused carbon credits to companies that exceed their cap.

But the Federal Tories appear to be mocking the deal. Federal Environment Minister John Baird repeatedly called the provincial deal a "scheme" on CTV's Mike Duffy Live. He also claimed the provinces seem to be "ganging up on Ottawa."

The Conservatives say their plan will reduce emissions 20 per cent below 2006 levels by 2020. But environmentalists have overwhelmingly criticized the government's plan.