Ontario will be able to use its own carbon-pricing system for big industrial emitters after getting a green light from the federal government over the weekend.

However Environment Minister Jonathan Wilkinson says the nod of approval comes begrudgingly because Ontario’s proposal will not cut greenhouse-gas emissions as much as the federal version of a carbon tax.

In a letter to Ontario Environment Minister Jeff Yurek Sunday, Wilkinson said Ottawa will “stand down” on its federal backstop program for big emitters, but is not happy about it.

Source: Feds reluctantly approve Ontario carbon price for big industrial emitters – JWN Energy