British Columbia continues progress to modernize Low Carbon Fuel Standard regulation

Target improve anticipated by January 2023, different amendments in 2024

VANCOUVER, CANADA, September 16, 2022 /EINPresswire.com/ — Advanced Biofuels Canada applauded the British Columbia authorities’s progress in direction of the growth and replace of the province’s single most impactful local weather initiative.

Following the June 2022 passage of a brand new Low Carbon Fuels Act, the federal government introduced that it’s finalizing plans to amend the present 2030 discount goal for the Low Carbon Fuel Standard from 20% under 2010 emissions ranges, to 30% by 2030. In addition to deepening the discount goal, the Ministry of Energy, Mines, and Low carbon Innovation (EMLI) will suggest a brand new non-compliance penalty price above the present $200/tonne.

“BC’s progressive policies continue to drive new announcements for low carbon fuel production in the province, said Ian Thomson, ABFC President. “BC’s leadership has created reassuring conditions for cleantech investors and project developers, as the federal government’s Clean Fuels Regulations get off the ground, and neighboring Washington State moves steadily toward its own stringent clean fuel program.

“We’re witnessing an inflexion point, where California and Oregon are also looking to revise upward the stringency of their LCFS as technologies have matured and are being scaled rapidly, and key players – traditional refiners – are leading the rush to build new capacity. Drop-in fuels and new feedstocks coming into the market are changing the game. BC’s reduction targets will be in line with other Pacific coast states, and we can expect to see more competition from renewable that can moderate high fuel prices. We look forward to working with EMLI and other stakeholders to secure an on-time, meaningful new LCFS regulation.”

Advanced Biofuels Canada/ Biocarburants avancés Canada is the nationwide voice for producers, distributors, and expertise builders of superior biofuels. Our members are world leaders in business manufacturing of superior biofuels and renewable artificial fuels, with over 23 billion litres of put in annual capability worldwide. Our members embrace Canada’s main superior biofuels producers and expertise innovators and are actively creating new clear liquid fuels manufacturing and distribution property and operations in Canada. For info on Advanced Biofuels Canada and our members, go to: www.advancedbiofuels.ca. 

Ian Thomson
Advanced Biofuels Canada
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