• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 4 hours UK, Stay in EU, Says Tusk
  • 5 hours Socialists want to exorcise the O&G demon by 2030
  • 13 hours How Is Greenland Dealing With Climate Change?
  • 24 mins Venezuela continues to sink in misery
  • 4 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 13 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 2 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 16 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 10 hours Maritime Act of 2020 and pending carbon tax effects
  • 2 days China Car Sales Plummet: Can Musk Unshovel His Groundbreaking?
  • 2 days Regular Gas dropped to $2.21 per gallon today
  • 2 days BofA Sees Oil at $35-70
  • 23 hours Solid-State Batteries
Global Automakers To Spend $300 Billion On EVs In 10 Years

Global Automakers To Spend $300 Billion On EVs In 10 Years

Despite collapsing global automobile sales,…

OPEC Cuts Are Already Paying Off

OPEC Cuts Are Already Paying Off

Despite troubling economic data from…

Canada’s British Columbia Urged to Support Renewable Fuels Sector

Canada’s British Columbia’s environmentally friendly energy output is currently taxed at the same level as the fossil fuels they aim to replace.

The province nevertheless is in the forefront of North American efforts to mitigate the effects of greenhouse gas emissions, as British Columbia has instituted a carbon tax along with a ban on coal-fired electricity production and committed itself to join a regional greenhouse-gas reduction agreement in early 2012, the Vancouver Sun reported.

The progressive policies have had a significant impact on the province’s economy, as according to a recent report from the KPMG accounting firm, British Columbia now has 202 clean-tech companies, employing about 8,400 people and generating $2.5 billion in annual revenue.

British Columbia’s renewable energy sector includes green co-operatives and startups producing renewable biofuels like B100, 100-per-cent biodiesel. These progressive companies are assisting British Columbia to meet its carbon reduction goals while fulfilling the British Columbia Energy Plan's objective to "reduce emissions and advance the domestic renewable fuel industry."

The province’s progressive policies have nevertheless resulted in rising biofuel prices. Last year the British Columbian government eliminated an exemption for biofuels from the Motor Fuels Tax, resulting in those purchasing 100-per-cent renewable vehicle fuel from the Vancouver biodiesel Co-op now forced to spend an additional 24 cents per liter.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News