Premier Scott Moe is pausing Saskatchewan’s industrial carbon tax.

The decision targets the carbon tax rate under the Output-Based Performance Standards (OBPS) program, which taxes large industrial emitters. The pause will go into effect on April 1.

“We have always stood from day one against this tax,” said Premier Scott Moe on Thursday. “We don’t think it is in any way an environmental tax, but ultimately is preventing investment and enhancing the inflationary costs that we are experiencing as Canadians.”