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…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...