Mr. Speaker, I was very pleased to have the opportunity Friday to announce new regulations for the reduction of sulphur in gasoline.
The decision was taken as a result of a study done by the federal government, provinces and territories working together with the oil refinery industries, the automobile manufacturers and other stakeholders. They all agreed that the cost would be $1.8 billion to reduce it to the levels I have regulated. However, the costs of not acting are many times higher in terms of health.
This translates in terms of cost to the oil refiners of one cent per litre, according to the report of this committee.