New “clean fuel” regulations that aim to reduce carbon emissions and are set to come into effect next summer will cost Canadians more than $1,200 a year on average, according to research commissioned by the advocacy group Canadians for Affordable Energy.
The average cost per household for the government’s Clean Fuel Standard will be “$1,277 annually per employed person,” says the research paper “An Economic Analysis of the 2022 Federal Clean Fuels Standard” [pdf] by LFX Associates, which was first reported on by Blacklock’s Reporter.
The $1,277 estimate takes into account “increased energy costs, lower wages, lower capital earnings and increased indirect costs throughout the rest of the economy,” says the paper….