British Columbia: The BC-LCFS
In 2008 British Columbia implemented The Greenhouse Gas Reduction Act, a LCFS program largely based on California’s Policy. The Act establishes requirements for renewable content and greenhouse gas emission intensity reductions. The initial goal was to decrease the average CI of transportation fuels 10 percent by 2020 relative to 2010. Part of the Clean BC initiative extends the BC-LCFS to a 20 percent carbon intensity reduction by 2030, relative to a 2010 base year.
BC formally passed the 20 percent reduction by 2030 on July 15, 2020. The new regulatory rates under the Low Carbon Fuel Standard ease the carbon intensity reduction required of fuels by 1.09 percent annually, requiring only a 9.1 percent reduction instead of a 10 percent reduction starting in 2020. The reason for the easing was “to take some of the pressure off the oil and gas sector as…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...