Clean fuel standards allow companies to get both tax credits and sell carbon credits

Cabinet approved the final regulations for the Clean Fuel Standard last week and The Canadian Press obtained them Monday ahead of their intended publication July 6.

Gasoline and diesel suppliers can meet the new emissions standards for the two fuels in multiple ways, including buying credits from other companies that produce renewable fuels, build electric vehicle infrastructure or reduce emissions when fuels are extracted.Oil companies that get a new federal tax credit of up to 60 per cent of the cost of installing carbon capture and storage systems can also generate and sell credits for use within the clean fuel standard credit system.

The Canadian Fuels Association says it has long supported the Clean Fuel Standard because it helps companies plan and invest in low-carbon technologies, but wouldn't comment on the final version of the regulations until the government officially releases them. Greenpeace Canada's senior energy strategist Keith Stewart says the clean fuel standard isn't going to generate any new emissions cuts and will instead create new revenue sources for big oil producers.

It’s the liberal way! I’ll bet when Loblaws got money for cooler upgrades they claimed it as a business expense! No doubt!

Anyone ever heard the story “The Emporors New Clothes”? If you haven’t, I would suggest you find and read it. This kind of follows the same lines.

Isn’t that sort of what the government does as well?

🚨🇨🇦. Be vigilant. We are under attack by same bad actors involved 1/6 with convoy. People still do not understand national security threat. It’s real.Bad intentions I am concerned about violence in 🇨🇦. People still do not understand what is happening here. 🚨🚨

Lol, Canada is clown world. When will this circus end?

'Carbon tax credits' kind of like Disney Dollars eh. Truly disgusting. What was that phrase again? Seize the means of production. Or something like that.

Then carbon emissions become clean, cool ?! 😉

Is this a paid promotion for the Liberal party

Scam

Lots of loopholes near the top.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Clean fuel standards allow companies to get both tax credits and sell carbon creditsGasoline and diesel suppliers can meet emissions standards in multiple ways, including buying credits from other companies that produce renewable fuels Still earning your share of 600 million I see, you're absolutely disgusting.
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »

Hootsuite, Trulioo, Canada Drives, Copperleaf among Canadian tech companies to cut hiring plans‘Every company is rethinking their growth plans; we’re doing the same,’ said Dan Park, CEO of Clutch, an online marketplace operator for used car sales based in Toronto
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »