Thank you, Madam Chair. Madam Chair, Bill 60, An Act to Amend the Petroleum Products and Carbon Tax Act, received second reading in the Legislative Assembly on November 1st, 2022, and was referred to the Standing Committee on Government Operations for review.

In its review, it was important to the committee to identify what changes could help mitigate the economic impacts of the tax. Committee also wanted to understand implications of reverting to the federal backstop.

Committee held a public technical briefing from the Minister of Finance and the department officials on November 25th, 2022. Following that, the committee sought public feedback on Bill 60. Committee heard from several stakeholders both through written submission and oral comments. Committee heard serious concerns about the carbon tax approach.

As a result of the review of Bill 60, the committee presented a report with five recommendations to the Legislative Assembly on March 1st, 2023.

I would like to thank committee for its work on review of Bill 60. Individual Members may have additional comments. Thank you, Madam Chair.