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Agriculture committee  If more is being provided specifically to farming, it has to come from somewhere. Because the GGPPA legislation is such that all the proceeds received from the fuel charge is returned to the jurisdiction, in this case we know that about 90% is returned to individuals through the

June 16th, 2022Committee meeting

Miodrag Jovanovic

Agriculture committee  Thank you for your question. That is the objective, yes, and that's how the measure is being designed, and that is how the rates are determined as well, so—

June 16th, 2022Committee meeting

Miodrag Jovanovic

Agriculture committee  The initial process is based on an estimate. First, there's an estimate of the amount of fuel charge that will be paid by the sector. This estimate is $100 million for 2021-22, and I think it's about $122 million for 2022-23.

June 16th, 2022Committee meeting

Miodrag Jovanovic

Agriculture committee  That amount is being provided or given back to the sector through this refundable credit on the basis of their total expenses.

June 16th, 2022Committee meeting

Miodrag Jovanovic

Agriculture committee  Then a reconciliation exercise will be done, I believe, maybe two years after—

June 16th, 2022Committee meeting

Miodrag Jovanovic

Agriculture committee  Thank you. Thank you for the opportunity to appear today concerning private member's Bill C-234, which seeks to remove the fuel charge on the use by farmers of natural gas and propane for heating and drying activities. The Greenhouse Gas Pollution Pricing Act, the GGPPA, curre

June 16th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  Maybe I can start with the last part of your question. Again, we will need to engage with experts to determine the technologies that would end up qualifying for the up-to-30% credit that's been announced in the budget. The focus will likely be on net-zero technologies, including

May 5th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  I can try to answer that. I believe what you're suggesting here is the nature of the trade-off between ensuring that we're still competitive in this area while ensuring that we're meeting our environmental objective in a way.

May 5th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  The role of the investment in CCUS is actually a good example of this approach because, maybe on the one hand, you can say, we do have this output- based pricing system for large emitters with a given stringency that will increase over time. I cannot speak to it. That's more for

May 5th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  Exactly. It does not.

May 5th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  I would like to distinguish between two things. You are correct, an evaluation occurs every five years. As announced in the budget, and as we will see in the upcoming bill, if the captured carbon is not permanently stored, be it in the soil or concrete, for example, and the cred

May 5th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  The second—

May 5th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  First of all, I'm not in a position to answer it because ECCC is responsible for the regulations.

May 5th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  I can answer that. As I said previously, the end goal here would be to have the final self-review—

May 5th, 2022Committee meeting

Miodrag Jovanovic

Environment committee  Yes, I'm getting there. As I was saying, that's the end goal. We have to understand what the steps are before that. To get to the self-review report to give enough time to get and to do the—

May 5th, 2022Committee meeting

Miodrag Jovanovic