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Stock impact report

Canada's renewable diesel projects hit by US import surge [Yahoo! Finance Canada]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
NEW YORK (Reuters) - Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia's low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States. Weakness in British Columbia's LCFS credit market reflects growing pains in the international biofuels industry, where many regulators are cracking down on imports to protect their nascent domestic markets from oversupply. Low-carbon fuels are more expensive to produce than petroleum-based gasoline or diesel. LCFS programs help to bridge the gap by issuing credits to suppliers of fuels with lower emissions intensity, which can be sold to those with higher-carbon fuels that need to bring down their emissions. Canada has lagged the U.S. in setting up domestic renewable diesel production. British Columbia is the only Canadian province with an LCFS credit market, which helped encourage Calgary-based Tidewater Renewables to open Show less Read more
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