On October 27, Environment and Climate Change Canada (ECCC) released its proposed targeted amendments to the Clean Fuel Regulations (CFR). The main change would be a credit multiplier of 1.3 to 1.8, ...

On Saturday, October 24, 2026, British Columbia (BC) did something it hadn’t done since 1928: it elected a Conservative government. The election was a snap call by New Democratic Party (NDP) Premier ...

In May, I sat down with my Stillwater colleagues Kendra Seymour and Dr. Michael Rensing to discuss the upcoming Alberta referendum. As we noted during that discussion, the referendum was not a vote to ...

California’s crude market is a small corner of the oil world, and it may seem a strange thing to write about while the Strait of Hormuz remains closed. But the lesson here applies at any scale: when ...

“Just keep the diesel here” has become the most popular energy policy idea in Washington this fall. Diesel is at record prices, and the U.S. is exporting record volumes of it (1.88 million barrels a ...

“Refining margins are at all-time highs! $100 cracks! Buy refining stocks?!” We’ve seen the heady buzz around refinery cracks and stock performance. Checking the stocks, the four major American ...

This article concludes a three-part series. The first article introduced the four archetypes of market participants found in every low-carbon fuel credit market; the second explained why the British ...

Canada’s Clean Fuel Regulations (CFR, SOR/2022-140) create a single compliance credit market, but not all credits in that market are equal. The CFR distinguishes between liquid class and gaseous class ...

This is the fourth in a series of articles examining California’s transportation fuels progress toward the greenhouse gas (GHG) reduction targets set by the 2022 Scoping Plan. The first article – Mind ...

All three programs (CA-LCFS, BC-LCFS, and Canadian CFR) share the same logic: obligated fossil fuel suppliers incur deficits by supplying high-carbon-intensity (CI) fuels, and credit generators earn ...

West Coast fuel supply is becoming more fragile just as Indo-Pacific geopolitical risks are rising, turning what might look like a regional market issue into a strategic vulnerability for commercial, ...