Canadian Biofuels: Clean Fuel Regulation, Competitiveness and Budget 2024

ARC ENERGY IDEAS

07-05-2024 • 34 mins

This week our guest is Doug Hooper, Director of Policy and Regulations at Advanced Biofuels Canada. Advanced Biofuels Canada is an industry association that promotes the production and use of biofuels and renewable synthetic fuels.

One of the topics covered in the podcast is Canada’s Clean Fuels Regulation (CFR). The policy is nearing its first anniversary after coming into effect on July 1, 2023 (Canada Day). The rule requires Canadian refiners and fuel importers to reduce the carbon intensity of the gasoline and diesel sold by about 2% annually between 2023 and 2030.  By 2030, under the rule, Canada's average gasoline and diesel fuel will be 15% less carbon intensive.  Biofuels will be a major compliance source for the new rule; emissions reductions are also expected in upstream oil and gas (for domestically consumed oil) and alternative transportation fuels, such as hydrogen and electricity.

The conversation considered Canadian competitiveness with the United States for liquid biofuel production. Doug explained how the Inflation Reduction Act (IRA) of 2022 put a chill on investing in biofuel production facilities in Canada. The recent Canadian Federal Budget 2024 introduced some new measures to help close the gap, but will this be enough?

Research referenced in this podcast:

Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

Check us out on social media:

X (Twitter): @arcenergyinst
LinkedIn: @ARC Energy Research Institute

Subscribe to ARC Energy Ideas Podcast
Apple Podcasts
Google Podcasts
Amazon Music
Spotify

You Might Like

The Ramsey Show
The Ramsey Show
Ramsey Network
Marketplace
Marketplace
Marketplace
The Canadian Investor
The Canadian Investor
Braden Dennis & Simon Belanger
CREATIVO
CREATIVO
Roberto Mtz
Motley Fool Money
Motley Fool Money
The Motley Fool
The Prof G Pod with Scott Galloway
The Prof G Pod with Scott Galloway
Vox Media Podcast Network
THE ED MYLETT SHOW
THE ED MYLETT SHOW
Ed Mylett | Cumulus Podcast Network
TLDR
TLDR
Kyla Scanlon, Devin Friedman, Kat Angus, Sarah Rieger, Matthew Karasz
The Tim Ferriss Show
The Tim Ferriss Show
Tim Ferriss: Bestselling Author, Human Guinea Pig
Jocko Podcast
Jocko Podcast
Jocko DEFCOR Network