The Saskatchewan Mining Association is adding its voice to the chorus of disappointment over the Federal Liberal carbon tax. The Association says it will bring additional costs related to power production, natural gas transmission rates, and transportation. The SMA says it is still unclear how this tax will impact the global competitiveness of the industry but it says, these indirect costs are not something they can pass on. President Pam Schwann says, “Saskatchewan’s mining sector, which employs 30,500 people in all corners of the province, cannot afford bearing additional costs that competitors in countries such as Russia, Kazakhstan, Niger, China, and Brazil aren’t subject to, particularly against a backdrop of sustained low commodity prices.”
SMA Concerned About Competitiveness as Liberal Carbon Tax Looms
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The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.
Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.
The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.
T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”