Dr. Michael Rensing

Senior Associate

Services

Products

Dr. Michael Rensing was part of the British Columbia public service for 20 years. As Executive Director of the Low Carbon Fuels Branch, Electricity and Alternative Energy Division at the BC Ministry of Energy, Mines, and Low Carbon Innovation, he led the development of BC’s Low Carbon Fuel Standard Program. This program has been responsible for approximately 30% of the emission reductions achieved by the province of British Columbia, making it one of the most successful low-carbon fuels programs in North America.

Michael is the 2021 recipient of the BC Bioenergy Network’s Sector “Champion” Award for outstanding leadership and contribution to the bioenergy sector in BC. As President of MJ Rensing Consulting Inc., Michael provides strategic advice and guidance to companies seeking to understand low carbon opportunities and prosper in the new low carbon economy.

Michael holds a Ph.D. in Physics from the University of Victoria.

Contributions

Economics

The BC credit value stack: how CFR price discovery is reshaping BC-LCFS credit prices

July 10, 2026

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 Columbia (BC) and Canadian credit markets behave differently from California’s. In this article we ask a question those differences make pressing: with Canada’s Clean Fuel Regulations...
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Policy

The Mechanics of Canada’s Gaseous CFR Credit Market

June 18, 2026

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 compliance credits and limits how much a primary supplier (a producer or importer of fossil-based gasoline and diesel) can use gaseous credits toward its compliance...
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