TORONTO, Feb. 9, 2012 /CNW/ - Stewardship Ontario was notified of a
regulation today that prescribes a new methodology for recovering costs
under the Municipal Hazardous or Special Waste (MHSW) Program that we
operate from Ontario businesses -the producers and retailers of
Stewardship Ontario shares the government's commitment to waste
diversion and we intend to build on the success of our Blue Box and
MHSW programs, which have made Ontario a global leader in waste
diversion. Since 2009, Stewardship Ontario has not only met but
actually exceeded its annual targets to keep hazardous materials out of
Ontario's landfills and waterways.
Stewardship Ontario's performance on MHSW program to date
Provincial Hazardous Waste
Actual Collection Achieved
19.6 million kg
20.0 million kg
22.7 million kg
26.5 million kg
25.5 million kg
Year End Estimate:
28.0 million kg
Our success in exceeding annual overall collection targets has created
additional costs, as reported in our 2010 Audited Financial Statements
in our Annual Report. At the request of the government, we deferred
increases to our fee schedule while the government considered changes
to the way in which we recover operating costs from Ontario businesses.
Stewardship Ontario is now in receipt of the regulation and is
considering how to implement it.
Stewardship Ontario has always operated on the principle of openness.
Under the Waste Diversion Act, Stewardship Ontario's annual budget and
expenditures are reviewed and approved by Waste Diversion Ontario and
we are required to submit third party audited financial statements to
the Minister of Environment by April 1 of every year.
Furthermore, we look forward to the review of our incentive programs
which were designed to divert the maximum amount of waste in a
financially responsible way.
SOURCE Stewardship Ontario