The second Liberal carbon tax will have a crushing effect on the Canadian economy, a new study shows..The Clean Fuel Standard will increase the cost of home heating by 60 per cent, drive up the price of gas another 13 cents a litre, cost 30,000 jobs, put at risk $22 billion in foreign capital in Canada and cost every worker an additional $440 yearly, says the group Canadian for Affordable Energy..Their report claims “the additional emission regulation undermines the efficiency of any existing carbon tax in reducing GHG emissions; that despite its cost the CFS will accomplish very little – especially in a growing economy; and that, depending on compliance options, the CFS may end up creating environmental challenges, not opportunities.. Screen-Shot-2020-09-29-at-10.27.31-AMStudy of second carbon tax on Alberta .“The problems of the Clean Fuel Standard (CFS) are truly represented in its name, which misleadingly suggests that the policy will deliver clean air. But Canada already has remarkably high clean air standards which are rarely violated,” said the report, written by former Liberal MP Dan McTeague..“If the (Prime Minister Justin) Trudeau government is to pursue the lofty goal of zero emissions above all else, it will sacrifice the Canadian standard of living that has made our country a desirable place to live for so long. Trudeau will make it even harder to live in Canada.”. Screen-Shot-2020-09-29-at-10.27.52-AMStudy of second carbon tax on B.C. .The second carbon tax is part of Canada’s plan within the Paris Accord to reduce emissions 30 per cent below 2005 levels by 2030..The Liberals have been planning the CFS since they came to power but the COVID-19 pandemic delayed their plans until now..Federal environment minister Jonathan Wilkinson said the CFS will diversify the economy and promote investment in clean solutions.. POLL: Many Albertans say they will ignore Christmas COVID lockdown .“It will create opportunities for farmers and companies producing renewable fuels, will encourage investments in energy efficiency to help Canadians save money and will promote faster development of zero emissions vehicles,” he said in a statement..“The cost implications for households and industry are unclear but a study by the Canadian Energy Research Institute in May 2019 estimated the impact of a 20 per cent reduction in carbon intensity. CERI suggested a total fuel decarbonisation cost of $15.3 billion a year, adding $84 or four per cent to household fuel bills; $62 or 2.8 per cent to the cost of gas; and 13 per cent to fuel costs for industry.”.Dave Naylor is the News Editor of the Western Standard.dnaylor@westernstandardonline.com.TWITTER: Twitter.com/nobby7694
