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Review of Clean Fuel Regulations June 21, 2023 . 1 . 1 1 Executive summary 1.12 Project overview 3 This report was prepared by Grant Thornton LLP (“we,” “us,” “our” or “Grant 4 Thornton”) as a Consultant to the Newfoundland and Labrador Board of 5 Commissioners of Public Utilities (“the Board”) with respect to the Petroleum
- An Uncertain Future
- Future Fund
- An Improved — But Volatile — Situation
Coady said the improved situation has resulted in all three of the provincial government's credit agencies moving their outlooks for Newfoundland and Labrador from negative to stable. Oil prices are higher than projected — up from $86 US per barrel to $102 per barrel — and production is up, from 83.1 million barrels to 85.2 million barrels. Total p...
Coady announced the provincial government will contribute $157 million to a fund it will eventually use to pay down debt. Last week, the provincial government announced details of legislation to create what it's calling a "future fund," where it plans to deposit a portion of oil royalties and revenues from the sale of assets over $5 million. Accord...
Coady said the province is seeing "solid" signs of economic growth, but she pointed to rumbles of a global economic recession that could signal potential future difficulties. The provincial government previously hinted at the improved outlook when it announced one-time cheques for residents who earn $125,000 or less would be delivered this fall. Co...
Jun 30, 2023 · In 2030, the carbon price and clean fuel regulations together could add anywhere from about 45.15 cents to about 56.2 cents per litre. The federal government rebates the cost of the carbon price through quarterly cheques in the eight provinces that use the federal system rather than their own provincial equivalent.
Gasoline Tax. Provincial Motive Fuel Tax Rates: Motive Fuel. Unit. Gasoline Tax Rates Effective Jan 1, 2019 to Nov 6, 2020. Gasoline Tax Rates Effective Nov 7, 2020 to Jun 1, 2022. Gasoline Tax Rates Effective Jun 2, 2022 to Mar 31, 2025. Gasoline. $/litre.
Dec 21, 2023 · The adjustment means prices now range from $1.24 to $1.43 per litre in Newfoundland and from $1.41 to just over $1.94 per litre in Labrador. Propane was the lone fuel to drop in price, down 0.6 ...
Dec 31, 2023 · This report reflects the results for the current fiscal year in relation to the Main Estimates, Supplementary Estimates (B) and authorities available for use from the prior fiscal year. As shown in the summarized table below, the CRA’s total Budgetary Authorities have increased by $3,152M ($3.2B) since the third quarter of 2022-2023, from $13,526M ($13.5B) in 2022-2023, to $16,678M ($16.7B ...
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In 2022, the average price for the 65% Fe index was US$139 per tonne, a decrease of 25% year over year, mainly due to a 5% decrease in global steel production. Despite the reduction in steel production, the demand for pellets held firm and as a result the decline in the price for pellets was mitigated by an increase in the pellet premium.
