Canada touts plan to cut fuel carbon intensity; refiners fret about costs
Ottawa
intends to release plans this autumn to reduce the carbon intensity of
liquid fuel by 12% by 2030, including by requiring refiners to blend
cleaner combustibles with fossil fuels under a Clean Fuel Standard,
government and industry officials said.
intends to release plans this autumn to reduce the carbon intensity of
liquid fuel by 12% by 2030, including by requiring refiners to blend
cleaner combustibles with fossil fuels under a Clean Fuel Standard,
government and industry officials said.
The
standard aims to reduce greenhouse gas emissions by 30 million tonnes
by 2030, a critical part of Prime Minister Justin Trudeau’s green plan.
Environment Minister Jonathan Wilkinson said it represents a lifeline to
the economy as it struggles to regain momentum after lockdowns.
“This
is actually a huge economic opportunity to diversify the economy and
create a market for clean products,” Wilkinson told Reuters.