FEATURED ARTICLES
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ADDITIONAL INSIGHT
Policy
Portland’s 20% Storage Drawdown: A Question of Demand and Flexibility
July 14, 2026
As Oregon’s carbon-reduction goals for the transport sector become more stringent, reliable storage and delivery of low-carbon fuels is essential to achieving the State’s ambitions. Oregon’s Clean Fuel Program (CFP), Climate Protection Program (CPP), and Portland’s Renewable Fuel Standard (RFS) are driving volumes of low-carbon liquid fuels which can be used in the current fleet...
Economics
RINsanity Returns!
July 13, 2026
The Renewable Fuel Standard (RFS) created four nested categories renewable fuel demand, each with its own D-Code – D6 for total renewable fuels, D5 for advanced biofuels, D4 for biomass-based diesel (BBD), and D3/D7 for cellulosic biofuels. Each of these categories has a greenhouse gas threshold (see more at our RFS 101 primer). The D4...
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...
Economics
Building Blocks: How Large Trades Are Transforming the LCFS Market
July 7, 2026
For the first decade (2012-2021) of the California Low Carbon Fuel Standard (LCFS), only one transaction breached the 100,000-metric-ton (MT) mark. From 2022 through the first six months of 2026, however, 153 transactions have exceeded it (see Figure 1). Large-volume credit transfers – those greater than 100,000 MT – have become a regular feature of...
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...
Policy
Cleaning Up California’s Ports: The At-Berth Regulation, Tanker Terminal Compliance, and the Fuel Supply Risks Nobody Is Talking About
June 16, 2026
The California Air Resources Board (CARB) has set an ambitious goal of reducing the pollution that blankets port communities. The CARB At-Berth Regulation, which covers large, moored vessels (including petroleum tankers) requires terminal operators to deploy emissions capture-and-control (C&C) systems that capture and treat exhaust from docked ships or switch those ships to shore power....
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