Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Nuvista Energy Ltd NUVSF


Primary Symbol: T.NVA

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Saskatchewan vows to stop collecting Canada's carbon tax on
View:
Post by Carjack on Oct 30, 2023 10:02pm

Saskatchewan vows to stop collecting Canada's carbon tax on

The leader of the Canadian province of Saskatchewan on Monday vowed to stop collecting the federal carbon tax on homes heated with natural gas from 2024 if Ottawa does not expand an exemption announced last week for the Atlantic provinces.

On Thursday, Prime Minister Justin Trudeau said he would pause the carbon levy on heating oil for Atlantic Canada to offset the high price of the fuel that is mainly used in the Maritime provinces and help them counter cost-of-living increases.

Saskatchewan Premier Scott Moe said his province deserved the same treatment except in his province people use natural gas for heating, not oil.

"I cannot accept the federal government giving an affordability break to people in one part of Canada, but not here," Moe said in a video posted on social media platform X.

If the federal government does not extend the exemption, Saskatchewan "will stop collecting and submitting the carbon tax on natural gas" starting on Jan. 1.

Alberta Premier Danielle Smith has also complained that her province was not included in the carbon tax pause on heating. Ontario Premier Doug Ford urged the government to eliminate carbon pricing altogether.

Canada, the world's fourth-largest oil producer, is aiming to cut emissions 40-45% below 2005 levels by 2030 and a steadily rising carbon price that will hit C$170 a tonne by 2030, from C$65 a tonne currently, is a key part of their plan.

Conservative opposition leader Pierre Poilievre is holding rallies to "axe" the carbon tax, a message that has resonated amid high inflation. While an election could be two years away, Poilievre would win if one were held now, polls show.

Until last week, Trudeau had always maintained that consumers who pay the carbon tax received a full rebate and that it did not affect the cost of living. Saskatchewan and other provinces had previously challenged the legality of the carbon tax and lost in a ruling by the Supreme Court.

The climate and environment ministry had no immediate comment.

Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities