Wednesday, December 23, 2020

LIBERAL FUEL STANDARD HITS LOW & MIDDLE INCOME HARDEST

  Reuters: Canada’s left-leaning New Democratic Party (NDP) opposition party criticized on Tuesday freshly-unveiled clean fuel standards, after a government impact analysis said higher fuel costs will hit lower- and middle-income households hardest.

If adopted next year the proposed regulations will become law in 2022. Concerns about the cost to households could increase push back against a policy that is central to Canada’s commitment to reduce carbon emissions 30% below 2005 levels by 2030.

In an analysis published on Dec. 19, the federal environment department said households will see an increase of liquid fuel costs on average between C$69 and C$208 in 2030 as suppliers pass on higher production costs to consumers.


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