04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
New York LCFS
On February 8, 2019, Assembly Bill 5262 was advanced to establish a low carbon fuel standard in New York. The New York LCFS is intended to reduce carbon intensity from the on-road transportation sector by 20 percent by 2030, with further reductions to be implemented based upon advances in technology. This bill was amended on May 30, 2019 and referred to Environmental Conservation January 8, 2020. The bill did not make it out of committee during the 2020 legislative session. The New York LCFS claims to be the most ambitious in the country due to its climate goal of reaching net-zero emissions by 2050.
While a LCFS program for the NY transportation sector has not been enacted there is still reasons to believe it may become a reality. New York has taken important initial steps to electrify trucks and buses, recently signing onto a 15 state Memorandum of Understanding (MOU)….