By The Canadian Press
QUEBEC - Ontario has agreed to sign on to the Western Climate Initiative, a market-based system designed to reduce greenhouse gas emissions.
Sources say Premier Dalton McGuinty agreed to the so-called cap-and-trade system Friday in Quebec City where provincial leaders are meeting.
The initiative already includes Quebec, Manitoba, British Columbia and seven states in the western U.S.
Ontario and Quebec had earlier signed their own cap-and-trade deal on June 2 during a joint cabinet session.
A cap-and-trade system, to be in place by 2010, will limit industrial emissions and let polluters buy credits from greener companies.
Alberta and Saskatchewan have been critical of the initiative, calling it a cash grab by other provinces.
Copyright © 2008 Canadian Press