Clean Fuel Standard (CFS)
Why this is absolutely the wrong time to impose a Federal fuel standard
As Fairness Alberta has shown, and as most Canadians realize, Canada needs Alberta’s economy. Recovering economically and fiscally from this COVID-induced jobs and fiscal crisis has to be the priority right now, and we cannot afford policies that will set that recovery back.
Unfortunately, the Federal government is on the verge of imposing a national fuel standard tax regime (CFS) in addition to massively hiking the carbon tax. This will compound the cost increases on the use of oil, gas, diesel or any of the liquid fuels we use for transportation, operations, or warmth.
This will hurt almost every industry across Canada, but particularly those in Alberta’s energy sector, who not only sell liquid fuels but also have use them to operate in remote and cold locations to extract and refine it.
Driving up costs on transportation and heating fuels will obviously slow our overall economic growth when we can least afford it. One report estimates that “the CFS will result in 30,000 job losses nationally and risks a further $22-billion of capital leaving the country to avoid investment loss.”
Delaying this fuel-standard tax regime is not enough: all Canadians want and need their government to focus on competitiveness for economic recovery from this COVID-induced jobs and fiscal crisis.
Sign here to let the federal government know that Canada urgently needs to focus on restoring productivity to every sector in Canada’s economy and cannot implement a new “fuel standard” tax regime like the proposed CFS.
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