Well, among other things, it's really looking at the impacts of federal policies, regulations and legislation on our economy, which I think is very relevant for the purpose of committee members this morning. We want to foster what we've built. We want to build on what we have. There is a dollar figure. As I said, $111 billion is cited in the document that you referenced. That is the cumulative impact we see from that required compliance, that compliance expectation, with some of these initiatives.
I referenced in my opening remarks the federal fuel standard, for example, which Saskatchewan has been very open about in terms of economic impact. It is a second carbon tax of $300 million on gas consumption and $400 million on diesel. That doesn't just happen in a silo, a vacuum. Its impact is not in some sort of abstract vacuum. It goes back to supply chain, affordability, transporting goods, getting food to grocery stores, people putting gas in their cars and heating their homes—all of it. That is a dollar figure amount on that.
We talked about clean electricity regulations, and I would like to take the opportunity to talk very briefly about the $460 million that the federal government owes SaskPower on the carbon tax. As we all know, we lost the case. It was tragic for us, but we lost the case. We have submitted subsequent plans to the federal government: Could we have that money that you are holding in carbon tax? SaskPower has been very open about the fact that they would use that money on renewable and positive efforts in this province. It's $460 million and it has not been released. There are massive economic impacts to these things, and we feel that it's time to really highlight what that means.
To Quebec's point about jurisdiction, I do respect provincial jurisdiction. I think we all have to in decisions in which natural jurisdiction or exclusive jurisdiction comes into play over natural resources. We have that. It's constitutional. To be part of an honourable federation, we have to respect that, and the federal government must start to respect it.