The province claims this new control will save Saskatchewan $3.7 billion between 2022 and 2030.
The goal of the federal program was to provide companies with financial incentives to reduce their emissions.Article content
Despite these changes, Ottawa said the federal fuel charge will remain. This means carbon taxes will still apply, though the federal government notes 90 per cent of the proceeds are returned to households.As for industrial emitters, those under Saskatchewan’s plan will receive a credit for every tonne of carbon emissions under their permitted amount. The government says this creates incentives to reduce emissions.
The federal government said it will work closely with Saskatchewan to ensure a smooth transition for affected facilities.
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