On the path to reaching net zero emissions by 2050, the Liberal government will impose new standards for fuel this coming July 1.
Consumers are unlikely to notice an immediate difference at the pump, but there will be an incremental impact over the next few years.
Environment and Climate Change Canada (ECCC) estimates that its new Clean Fuel Regulations (CFR), when fully implemented in 2030, will have brought the price of gasoline up to 17 cents per litre and diesel 16 cents per litre.
On top of the current carbon tax, this means consumers could end up paying close to 60 cents more per litre by 2030.
The CFR is replacing the Renewable Fuel Regulations and seeks to reduce the emissions intensity of fuels by 15 percent….