New fuel regulations set to take full effect in 2030 are expected to increase the price of fuel and shrink the size of Canada’s economy, according to a new report from Canada’s budget watchdog.
The Parliamentary Budget Officer (PBO) released a distributional analysis of the federal government’s Clean Fuel Regulations Thursday.
After its release, the report became a lightning rod for federal politicians, with the Conservatives calling the policy a financial burden on families.
The other political parties criticized the PBO because they said the analysis ignores the cost of inaction on climate change.
So the Libs and NDP are upset that the report failed to take into account whatever made up numbers were necessary to make the tax grab look good.
