As Ottawa prepares to unveil its Clean Fuel Standard, industry warns of refinery shutdowns – by Geoffrey Morgan (Financial Post – December 10, 2020)

https://financialpost.com/

CALGARY – Canada’s federal government is poised to unveil its long-awaited Clean Fuel Standard by the end of the year, which executives say is concerning for a wide range of industries that may not have sufficient time to make dramatic changes before new regulations come into effect in 2022.

The Clean Fuel Standard (CFS) will be published in the Canada Gazette by the end of the year, Moira Kelly, spokesperson for Environment and Climate Change Minister Jonathan Wilkinson, confirmed to the Financial Post Wednesday.

“The Clean Fuel Standard remains an integral policy in Canada’s climate plan, and will contribute to the government’s goal of exceeding its current 2030 target,” Kelly said in an email.

Once the proposed standard is published, industry expects a 75-day comment period before the regulations are finalized and before compliance begins in 2022, that would leave companies scrambling to comply with the new regulations.

Clean fuel standards in places like California require liquid fuels such as gasoline and diesel to be blended with additives like ethanol or other biofuels to reduce their emission intensity.

For the rest of this article: https://financialpost.com/commodities/energy/as-ottawa-prepares-to-unveil-its-clean-fuel-standard-industry-warns-of-refinery-shutdowns

 

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