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New clean fuel regulations to raise gasoline prices will have the greatest impact on low-income Canadians


New federal regulations to reduce greenhouse gas emissions from gasoline and diesel will allow Canadians to pump up to liters by 2030 It costs 13 cents more.

An impact analysis of theclean fuel regulationsreleased Wednesday predicts that greenhouse gas emissions will be reduced by approximately 18 million tonnes in 2030. This is 5 to 6 percent of the emissions that Canada needs to eliminate to meet its current emissions. The goal of the year.

Refineries and other fuel suppliers will cost between $ 22.6 billion and $ 46.6 billion to comply. That means an average reduction of about $ 151 per ton of emissions.

This impact will reduce Canada's GDP by $ 9 billion and raise gasoline prices by 6 to 13 cents per liter in 2030, when the full range of regulations will come into force.

This can cost between $ 76 and $ 174 per vehicle, or up to $ 301 per household.

Analysis shows that it is less vulnerable to fluctuations in energy costs and is not suitable for low-income families, single mothers, and the elderly who are least likely to buy alternatives such as electric vehicles. There is a balanced cost impact. ..

This report by Canadian Press was first published on June 30, 2022.