Canada to return pollution pricing proceeds to New Brunswick
News release
May 21, 2021 - Ottawa, Ontario - Department of Finance Canada
As a result of New Brunswick’s April 2020 action to put in place a price on pollution that meets the federal benchmark, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that she is specifying the Minister of National Revenue return $5.05 million directly to the Government of New Brunswick. These funds are from revenue collected through the federal backstop in 2019-2020, prior to the provincial system being stood up.
Since 2019 it has no longer been free to pollute in Canada. The federal government committed to returning all the direct proceeds from the federal pollution pricing system to the province or territory in which they were collected.
Fighting climate change and building a clean, net-zero economy are an important part of the government’s plan for a robust recovery that creates good middle class jobs and supports Canadian industry’s work to invest in world-leading clean solutions that will make sure Canada continues to be competitive on the world stage
Quick facts
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Since 2015, the federal government has invested roughly $90 billion towards climate action and clean growth, including for Canada’s strengthened climate plan and public transit. Most recently, the federal government has committed an additional $17.6 billion towards a green recovery that will build a clean economy, fight and protect against climate change, and create good middle class jobs.
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Media may contact:
Katherine Cuplinskas
Press Secretary
Office of the Deputy Prime Minister and Minister of Finance
Katherine.Cuplinskas@dpmo-cvpm.gc.ca
Media Relations
Department of Finance Canada
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