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

Canada’s new emissions standards for gasoline and diesel will allow oil companies that get a federal tax break for installing carbon capture and storage systems to generate credits based on those systems, which they can then sell to refineries and fuel importers.

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. 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.

Still earning your share of 600 million I see, you're absolutely disgusting.

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Source: TheHillTimes - 🏆 11. / 79 Read more »