How does Cap and Trade work?
As a fuel supplier, Imperial must purchase allowances to cover greenhouse gas emissions that exceed the cap set by the province. These allowances may impact the price you pay at the pump.
How is this cost calculated?
Imperial calculates costs based on publically available auction settlement prices posted on government websites. The cost is based on Canadian dollars per metric tonne converted into cents per litre (cpl).
Québec Cap and Trade costs
- 5.59 cpl on conventional gasoline
- 7.12 cpl on diesel
- 6.48 cpl on furnace oil
For more information, visit https://www.ontario.ca/page/cap-and-trade.