Ottawa’s new fuel rules and consumer carbon price will cause economic harm, premiers say
Atlantic premiers say the federal government is ignoring the disproportionate economic harm its new Clean Fuel Regulations will wreak in the region come July 1, when a fiscal double-whammy will see the program come into effect alongside a new consumer carbon price.
But premiers in Newfoundland and Labrador, Nova Scotia, Prince Edward Island and New Brunswick cite figures from the independent Parliamentary Budget Officer, which found that the regulations will result in increased costs for Atlantic Canadians by up to 17 cents a litre for gasoline and 16 cents a litre for diesel by 2030 – partly because of oil refineries downloading their costs onto consumers by increasing fuel prices.
“We can’t just flick a switch and expect everything to change overnight,” he said of the continued need for fossil fuels. “If you can’t operate under the regulations that continue to be pushed on the industry, then they’ll just buy refined produce elsewhere and stop production in New Brunswick.” But premiers left that meeting “deeply disappointed,” council chair and PEI Premier Dennis King told Prime Minister Justin Trudeau in a letter last week, in which Mr. King also requested a meeting with Mr. Trudeau.
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