GOVERNMENT POLICY UPDATE This latest feature of the newsletter will be published monthly. The update serves as a recap and reference point for our members on the latest policy impacts on the energy market. We will continue to monitor and communicate any policy changes directly to members as it happens. The updates below are for the period beginning February 1st ending February 26, 2021.
WHAT'S NEW?
FEDERALLY Government of Canada review of fuel efficiency standard • Environment and Climate Change Canada published the outcome of their review: Mid-Term
Evaluation of the Passenger Automobile and Light Truck Greenhouse Gas Emission Regulation. • The review determined that the current fuel efficiency standards are achievable, but not rigorous enough to allow Canada to meet its emissions reduction objectives. • The analysis included a high-level cost-benefit analysis, which compared the new less stringent U.S. standards (1.5% per year for 2021 through 2025 model years) to an alternative where Canada's regulations would be amended to restore the original increases in stringency (about 5%) beginning with the 2023 model year. • The analysis indicates that adopting more stringent standards for the 2023 to 2025 model years could result in net benefits of approximately $2.5 billion (2018 Canadian dollars), and would support the attainment of Canada’s zero-emission vehicle (ZEV) sales targets. Government of Canada rolls-out EV charging infrastructure funds for municipalities • The Minister of Natural Resources announced funding to encourage the adoption of zero-emission vehicles (ZEV), by providing more charging outlets to charge electric vehicles (EV). • In Manitoba, $50,000 in funding has been
Canadian Independent Petroleum Marketers Association | Connection 2021 |
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