Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the release of draft regulatory proposals under the Greenhouse Gas Pollution Pricing Act, that integrate Ontario’s Emissions Performance Standards (EPS) facilities with the federal fuel charge, for 2022. This allows Ontario’s EPS facilities to register as an emitter, allowing them to obtain fuel without the federal fuel charge applying, given they will be subject to the provincial system. Output-based pricing systems like Ontario’s or the federal government’s ensure that as we move towards a net-zero emissions economy, we are protecting the competitiveness of Canadian businesses and supporting good jobs.
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The Government of Canada’s approach to pricing pollution gives provinces and territories the flexibility to implement the type of system that makes sense for their circumstances, as long as those systems align with minimum national stringency standards, or ‘benchmark’ criteria. By putting a specific price on carbon pollution, the government is giving Canadian businesses certainty and a clear incentive to move towards a net-zero economy, positioning Canada as a leader in the green transition.
The Government of Canada has taken action to ensure that there is a price on carbon pollution across Canada. To ensure that carbon pollution pricing remains affordable for Canadians, direct proceeds from the federal pollution pricing system are returned to the jurisdictions where they were collected and the majority of proceeds are returned directly to Canadians through Climate Action Incentive (CAI) payments. These payments mean some 8 out of 10 families receive more money back than they pay in direct costs under this system.
This week, the Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, highlighted an investment of up to $78,338 to Maison Francine Leroux under the Local Food Infrastructure Fund’s second phase.
Money laundering is a complex and significant problem that threatens the integrity and stability of the financial sector and broader economy.