U.S. subsidies strongly favour made\u002Din\u002DU.S. fuels
The cancellation is a further example of how Biden’s sweeping clean energy and climate incentives are stoking tensions with the country’s allies around the world.
Prime Minister Justin Trudeau faced calls from companies ranging from automobile manufacturers to oil producers to match the subsidies from its largest trading partner, though government officials have acknowledged privately that Canada can’t go dollar-for-dollar with the U.S. In one high-profile example, Trudeau has put forward tax incentives for a massive network of carbon capture and storage facilities to reduce emissions from the country’s oil-sands industry, but he still faces a gap in matching the production tax credits contained in the US legislation.Article content
Parkland said in May that it would spend $600 million in projects including the standalone renewable-diesel complex and an expansion of its co-processing volumes to about 5,500 barrels a day.https://vancouversun.com/news/local-news/mayor-defends-burnaby-green-waste-plant The projects were projected to create 1,000 jobs, and a final investment decision was due this year. The Burnaby plant would have converted organic material into low-carbon fuel that’s chemically identical to diesel produced from crude oil and receives fuel credits in the US as well as additional credits in California and British Columbia.Our in-depth journalism is possible thanks to the support of our subscribers. For just $3.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Burnaby’s Coldest Night of the Year warms hearts with record donationsBurnaby charities surpass their goal for donations for the Coldest Night of the Year event, raising more than $110K for services to support homeless and vulnerable people in the community.
Read more »
Burnaby Board of Trade disappointed by lack of business supports in B.C. budget'Budget 2023 offered no attention to the overall cost of doing business in our province.'
Read more »
'Long overdue': Burnaby to officially apologize for anti-Chinese discrimination“The ways that we weaponized our bylaws to target these groups is something that we need to reconcile with, we need to apologize for. And we need to take very real actions to make reparations.”
Read more »
Early childhood education courses approved for Burnaby high school studentsWith the approval of two new courses, Burnaby secondary school students could soon get a chance to learn about early childhood education in a way previously only available at the post-secondary level.
Read more »
Warmer temperatures on the way for Burnaby as snow alert endsSome light mixed precipitation could be on the way next week.
Read more »
Slow and steady wins the race for Burnaby artist Luca Fogale
Read more »