12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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…