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ADDITIONAL INSIGHT
Policy
The California Oil Spill – What’s Next?
October 20, 2021
We here in Southern California are experiencing our first significant offshore oil spill in some time. It now appears that crude oil, estimated to be about 600 barrels (or about 25,000 gallons), escaped from a fracture in the San Pedro Bay Pipeline which connects Outer Continental Shelf (OCS) Platform Elly to Long Beach. Investigations and surveys continue during the cleanup efforts, after which we should know the range of the spill which may include the OCS. The Bureau of...
Policy
The Social Cost of Carbon Part 2: Values Used Around the World & What it Costs to Reduce Carbon in California’s Diesel Pool
October 19, 2021
Stillwater’s first article on the social cost of carbon (SCC) defined the term and covered how the U.S. estimates the cost of climate change. In that article we also pointed out the fact that the U.S. federal government has used numbers varying from $41 per metric ton (MT) under the Obama administration to near $1 per...
Technology Development
What does the recent decline in LCFS credit prices mean for the longer term?
October 19, 2021
October 19, 2021 Recent volatility in the LCFS credit market has left many investors scratching their heads. What does this mean for the future of the program? How should we think about credit prices going forward? Stillwater Associates’ LCFS Team answers these questions and many more in our LCFS Credit Balance and Credit Price Outlook....
Policy
The Cost of the RFS on Refiners and Crack Spread Growth
October 1, 2021
What is RVO and how is it applied? The Renewable Volume Obligation (RVO) on suppliers (refiners and importers) is the U.S. federal Renewable Fuel Standard (RFS) mechanism that creates the obligation to acquire and retire renewable identification numbers (RINs). For each calendar year, an RVO percentage (RVO%) is developed by the U.S. Environmental Protection Agency (EPA) through a rulemaking process. The RVO% is intended such that if the volume...
Technology Development
Biden Administration Actions to Advance the Future of Sustainable Fuels in American Aviation
September 15, 2021
The aviation sector produces up to 11% of U.S. transportation GHG emissions, and on September 9th, the White House announced a series of executive actions to tackle those emissions by advancing the production and use of cleaner and more sustainable fuels across American aviation, improving aircraft fuel efficiency, and reducing emissions from airports....
Technology Development
How might a Minnesota LCFS play out?
September 14, 2021
In the U.S., several programs aim to reduce greenhouse gas (GHG) emissions per unit of energy of fuels used in transportation. California and Oregon both have low carbon fuel standard (LCFS) programs, one Canadian Province (British Columbia) also has a transport fuels GHG-reduction program, and Canada is in the process of rolling out its federal...
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