Carbon NewsFederal Government Rejects Saskatchewan's Carbon Pricing Plan

Federal Government Rejects Saskatchewan’s Carbon Pricing Plan

The federal government has rejected a request from Saskatchewan to use a provincial carbon pricing plan.

Saskatchewan premier Scott Moe has opposed the federal carbon price, feeling it puts a strain on an uncompetitive economy in Saskatchewan. In a statement released by the premier, Moe states “The rejection of Saskatchewan’s submission can only be viewed as an arbitrary and political decision from the federal government.”

Moe also indicated that the federal government will not accept any further submissions of a carbon pricing plan until 2023.

The Saskatchewan rejection contrasts with the carbon pricing plan approved in New Brunswick, which provides reduced fuel prices in exchange for a carbon tax.

The move shows the Canadian governments commitment to uniting carbon taxes across the whole country, rather than letting provinces decide how they should implement carbon measures. The federal government mentioned a benchmark carbon price is in the works and could be implemented as early as January 2023.

Minister of Environment and Climate Change Jonathan Wilkinson did mention previously that the new benchmark would eliminate any rebates or cuts offsetting the carbon tax.

Canada aims to be carbon neutral by 2050, they have also been tasked by the UN to reduce emissions from 40-45% by 2030. A change in carbon pricing methods could eliminate any discrepancies and help Canada reach their Net-Zero goals.

 

 


Most Popular


Ultimate Guide


Loading...


LATEST CARBON NEWS

Top Carbon Credit Companies to Watch in 2026

Carbon credits are becoming a major part of how the world fights climate change. A carbon credit represents the removal or reduction of one...

Carbon Credit Offtakes Surge in 2025: What the $12B Says About the Future Market?

Offtake agreements became one of the strongest signals in the carbon credit market in 2025. While spot market activity slowed, long-term commitments surged. These...

$100B at Stake: New Joint Venture Builds Digital Backbone for Article 6 Carbon Markets

A new joint venture has launched to help countries enhance carbon mitigation efforts under Article 6 of the Paris Agreement. This partnership includes various...

General Fusion’s Nasdaq Listing Pushes Fusion Energy Into the Market Spotlight

Fusion energy has spent decades on the sidelines of the global energy system. Scientists praised its potential, policymakers admired its promise, and investors waited...
CARBON INVESTOR EDUCATION

Planting Trees for Carbon Credits: Everything You Need to Know

As climate change intensifies, nations and industries are seeking innovative ways to cut carbon footprints. Carbon credits have emerged as a key tool in...

What is SMR? The Ultimate Guide to Small Modular Reactors

Energy is the cornerstone of modern life. We need electricity for healthcare, transportation, communication, and more. Many countries are choosing nuclear power because it...

What Is Carbon Dioxide Removal? Top Buyers and Sellers of CDR Credits in 2024

The world must remove 5–16 billion metric tons of CO₂ annually by 2050 to limit global warming to 1.5°C. But with emissions still rising,...

Top 5 Carbon ETFs for Sustainable Investing in 2025

Like stocks, investors can buy and sell Exchange-Traded Funds (ETFs) whenever the market is open. Often investing in carbon credits through ETFs offers a...