Reading Time: 3 minutes New York | Reuters — U.S. merchant refiners have amassed up to a US$1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall. […] Read more
U.S. refiners amass biofuel liability as Biden mulls relief
Open RIN positions could hit refiners' earnings
U.S. lawmakers to propose tax credit for sustainable aviation fuel
Fuel from plant oils, animal fats would qualify
Reading Time: 2 minutes New York | Reuters — U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. The legislation, seen by Reuters, would impose a tax incentive of up to US$2 for every gallon […] Read more
Federal budget plays to mixed reviews from ag groups
Funding for green initiatives, carbon pricing rebate plan hailed
Reading Time: 5 minutes The Canadian Federation of Agriculture (CFA) says it is “pleased” the 2021 federal budget included some of the recommendations it had made. Finance Minister Chrystia Freeland’s first budget, released April 19, included significant spending to help producers transition to a greener economy and cited agriculture as a foundational pillar of Canada’s future. “CFA will be […] Read more
Conservatives’ new climate plan puts price on carbon
New poll ranks carbon tax costs highest among farmers' springtime concerns
Reading Time: 4 minutes Canada’s ag sector is expected to serve as a carbon sink, a renewable fuel source and a beneficiary in the federal Conservative Party’s new climate change plan — which now includes putting a price on carbon. Party leader Erin O’Toole announced the new plan Thursday — after a long campaign of vehemently opposing such policy. […] Read more
JBS pledges net zero greenhouse emissions by 2040
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has committed to zeroing the balance of its global greenhouse gas emissions by 2040, the company said on Tuesday, amid criticism of its role in a Brazilian beef industry driving rainforest destruction. “We know it is very difficult to achieve this,” CEO Gilberto Tomazoni […] Read more
No credit expected for farmers’ past work in new carbon market
Work on protocols for specific projects to begin this spring, department says
Reading Time: 3 minutes Draft regulations for Canada’s new carbon market show Canadian farmers won’t receive credit for removing any greenhouse gas emissions (GHG) from the atmosphere prior to 2017. Federal Environment Minister Jonathan Wilkinson on Friday announced the offset market, to be known as the Federal Greenhouse Gas Offset System. A 60-day public consultation period on draft regulations […] Read more
Carbon tax rebate on grain drying fuels coming
Jim Carr reiterates Bibeau's pledge from last week
Reading Time: 3 minutes Farmers can expect a rebate on carbon taxes paid on fuels used to dry grain, Jim Carr, the federal cabinet’s special representative for the Prairies, told the Canadian Crops Virtual Convention on Tuesday. However, he didn’t provide any details. “There is promising news on this front,” Carr told the meeting, hosted by the Canola Council […] Read more
EU farmers could get cash to curb emissions from belching livestock
Reading Time: 2 minutes Brussels | Reuters — Farmers should get European Union funding to reduce methane emissions from livestock or increase organic farmland, the European Commission said on Thursday, under plans to make agriculture greener. The EU is nearing the end of a two-year battle to overhaul its massive farming subsidies scheme, to attempt to align the agriculture […] Read more
Bibeau promises help to farmers on rising carbon tax
Funds expected to help farmers cut emissions
Reading Time: 2 minutes A steadily rising carbon tax has a lot of Western Canada’s grain farmers wondering how they’ll compete in world markets against competitors not subjected to a similar tax. “I think the world market is also looking towards a greener economy and always more sustainable agriculture,” federal Agriculture Minister Marie-Claude Bibeau said when the question was […] Read more
New greening programs planned for ag alongside carbon tax hike
Carbon price to hit $170 per tonne by 2030
Reading Time: 5 minutes A new federal climate plan which further cranks up taxes on carbon emissions also includes pledges of new programs to help sink more carbon into farmland. The government on Friday released the sequel to its 2016 Pan-Canadian Framework on Clean Growth and Climate Change — a “strengthened” climate plan, titled A Healthy Environment and a […] Read more
A message from April Stewart, Country Guide's Associate Editor
