The Saskatchewan and federal governments agreed on a new carbon tax for industrial industries, where the carbon tax will go to the provincial government instead of the federal government..The province collects the new tax in 2023 and it is called the Output-Based Performance Standards (OBPS) program.. Dana Skoropad .The federal government approved it and will remove the federal carbon tax starting January 1, according to the Saskatchewan government news release..The tax, which meets the 2023-2030 federal carbon pricing requirements, includes industrial industries, electricity generation, and natural gas transmission pipeline sectors..The Saskatchewan government expects to double the number of OBPS program facilities by 2030..The OBPS program gives credits for carbon capture, storage, and utilization..READ MORE Sask to replace carbon tax with ‘Carbon Offset’ program.Regulated emitters are given credits for each tonne of carbon emitted under their “permitted amount.”.“Regulated emitters will have the option to pay into the Saskatchewan Technology Fund, which will create incentives for industry to develop and implement technologies that contribute to meaningful reductions in greenhouse gas emissions intensity,” said the news release..The province estimates the provincial carbon tax could save Saskatchewan companies around $3.7 billion by 2030, compared with the federal carbon pricing scheme..“Now more than ever, the world needs food and energy security … that means the world needs Saskatchewan and our clean and sustainable food, fuel, and fertilizer,” said Saskatchewan Environment Minister Dana Skoropad..“This is not the time for federal climate policies that risk undermining our economic growth and prosperity. Our plan will allow industries to grow and operate sustainably while maintaining our economic competitiveness as a province.”.READ MORE Sask First Act measures ‘economic harm’ of fed's policies.Mosaic’s Director of Regulatory Affairs and Sustainability Jessica Theriault praised the new carbon tax, as it will keep Mosaic competitive..“We’re very pleased to hear the announcement from today and appreciate the Saskatchewan Ministry of Environment and Environment and Climate Change Canada for all of the efforts taken to date,” said Theriault. .“This decision will not only contribute to ensuring our Mosaic sites in Saskatchewan remain competitive around the world, but further supports our ESG commitments and continued role in helping to feed the world.”
