The incoming Clean Fuel Regulations, set to begin on Canada Day, are just the latest example of the policy fight over climate action and affordability.
KAMLOOPS, B.C.—Conservative Leader Pierre Poilievre derides it as Justin Trudeau’s “Carbon Tax 2,” and now federal officials are trying to tamp down concerns the government’s new clean fuel regulations will make life more expensive for struggling Canadians.
— are expected to be “low” in the next few years. But while the rules could ultimately hike the cost of gas by six to 13 cents per litre over the next seven years, the officials said it’s not clear what will happen. The regulations will create a market for credits, where companies that comply with the regulations will receive credits they can then sell to companies that fall short. And because credits can be generated more easily in the early years of the program, there will be a glut of them available for low costs that officials predicted would keep compliance costs low.
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