Despite fierce criticism from the Liberals, the Parliamentary Budget Officer (PBO) stands by his analysis of the government’s Clean Fuel Regulations (CFR), which finds that Canada’s lower-income households will bear a greater burden in terms of disposable income due to the increased costs associated with the policy.
The CFR aims to reduce carbon emissions from fossil fuels by 26 million tonnes by 2030, while the government further strives for net-zero emissions by 2050. This policy, however, comes at the cost of an estimated $231 for lower-income households and up to $1,008 for higher-income households at the national level in 2030, according to the PBO’s distributional analysis….