Heavy emitters are set to start paying a Saskatchewan-based carbon price, but some of the particulars around that plan aren't yet known.
In a release yesterday, the province said that they'd settled on a plan that met federal frameworks while allowing those taxes to stay in Saskatchewan.
The plan would only apply to heavy emitters, likely applying to industrial sectors.
Saskatchewan Minister of Environment Dana Skoropad names a few of the ones they're looking at.
"I will tell you this - the industries that are being covered here are certainly a broad region. We're looking at oil and gas, we're looking at refining and upgrading, we're looking at mining, we're looking at factories, we're looking at processing, really we're looking at all sectors."
The pricing of carbon won't actually be changing for those heavy emitters - instead, other factors will be put into play that will lower the cost for the industry.
"As far as a ton goes, it will be comparable to the federal program," said Skoropad, "Where that carbon pricing signal needs to be maintained. But what our program allows us to do is recognize the good work of our industries already. It's an individualized program, as opposed to a set standard or a benchmark.
During the original release, the provincial government stated Saskatchewan businesses would save $3.7 billion from now to 2030 based on the change.
When pressed on how that would happen, it was stated that was the difference between the rate set out during the framework and how much was being paid currently.
"The federal benchmark, as it existed, when we looked at that in comparison to what was planned," said Skoropad, "With how much our industry would need to pay, it's a simple mathematical equation is $3.7 billion dollars."