This summer, thanks to the Trudeau government’s new Clean Fuel Regulations (CFR), Canadians already struggling with the high cost of gasoline, groceries and other essentials will see the cost of living rise even higher.
The CFR, which went into effect July 1, forces fuel producers and importers to gradually reduce the carbon content of the fuels they sell. By 2030, the “carbon intensity” of these fuels, which measures the emissions generated per unit of energy, must be 15% below 2016 levels. If fuel suppliers fail to meet these standards, they must purchase credits, increasing costs that will inevitably be passed on to Canadians who rely on gasoline or diesel.
