Welcome to Newfoundland & Labrador, where life will soon be unaffordable
| By Dan McTeagueIn September, Canadians for Affordable Energy (CAE) commissioned a report from economics firm LFX Associates on the implications of the federal government’s proposed, new “Clean Fuel Standard”.
The report, titled Assessment of the Proposed Canada-Wide Clean Fuel Standard (CFS), concluded that the costs of the Clean Fuel Standard (or, CFS) will be significant. It is estimated that nationally, the CFS will result in home heating costs increasing by 60%, 30,000 jobs lost, and $22-billion of capital lost from the Canadian economy.
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