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
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Source: Yahoo! Finance Canada
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
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News
- Where Will Imperial Oil Stock Be in 1 Year? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Is Imperial Oil Stock a Buy for its 2.3% Dividend Yield? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ontario fines Imperial Oil $900,000 for 2021 slop oil spill at Sarnia site [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Imperial Oil Earnings Surpass Estimates in Q3, Revenues Miss [Yahoo! Finance]Yahoo! Finance
- Decoding Imperial Oil Ltd (IMO): A Strategic SWOT Insight [Yahoo! Finance]Yahoo! Finance
IMO
Earnings
- 11/1/24 - Beat
IMO
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form 10-Q
- 11/1/24 - Form 8-K
- IMO's page on the SEC website