Canada

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New Brunswick has been overestimating the cost of federal clean fuel regulations on oil companies and have allowed consumers to be overcharged by millions of dollars since last July as a result, two expert witnesses told an Energy and Utilities Board hearing this week.

Timothy Auger of the group Advanced BioFuels Canada and Vijay Muralidharan of Calgary-based R Cube Economic Consulting Inc. are each challenging a formula adopted last year by the EUB to calculate the cost of federal clean fuel rules on oil companies.

"It simply takes the highest cost option and applies it across the board in the entire fuel pool, and that misses the point we are trying to make here — that that is not a likely scenario."

In his evidence, Muralidharan also criticized Grant Thornton's estimate of the cost of clean fuel regulations, saying they exaggerate expenses faced by oil companies.

He suggested amounts allowed in New Brunswick since July were consistently more than double what consumers should be charged and recommended Grant Thornton's formula be reined in.

Its minister, Steven Guilbeault, heavily crticized the EUB's original decision and pledged to have his officials show up at the first opportunity to prove clean fuel regulations involve little cost to oil companies in the early years.

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