May 2023 In the course of Stillwater’s policy work, we have been retained to look at issues like fuel markets, distribution, and pricing. Stillwater routinely analyzes supply and demand outlooks for a variety of clients in both the private and public sectors. As gasoline pricing has become a topical issue of late, below we bring together and highlight our policy...
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May 24, 2023 Yesterday, CARB hosted a public workshop to present its considerations around a potential auto-acceleration mechanism (AAM) for the LCFS CI-reduction schedule and a potential step change in the CI-reduction benchmark in the near term. Both proposals are being considered as a way to ensure a steady price signal for credits in the market to support ongoing investment...
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May 10, 2023 Ahead of the Canadian Clean Fuel Regulation’s implementation this summer, several members of Stillwater’s Carbon Crew chatted with Ian Thomson, President of Advanced Biofuels Canada about the current state of biofuels production and usage in Canada. We thought our readers might find this conversation enlightening, so we’re publishing it here. (We’ve edited Ian’s answers for clarity and brevity.) Stillwater: Starting...
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April 28, 2023 On Friday, April 28, 2023 CARB posted the fourth quarter 2022 data for the LCFS program. In today’s flash report, we offer a quick look at the fourth quarter data. Our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which will be available to subscribers on Tuesday, May 9th. The fourth quarter data show a...
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April 13, 2023 By Megan Boutwell The Inflation Reduction Act of 2022 (IRA) provides for a two-phased approach to incentivize sustainable aviation fuel (SAF) production. The first phase, 2023-2024, expands the biomass-based diesel blenders tax credit (BTC) to include a separate per-gallon incentive for SAF. In the second two-year phase, 2025-2027, the tax credit is enhanced so that renewable fuels...
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A little over 20 years ago, Stillwater did a study for the California Energy Commission to examine the feasibility of a California strategic fuel reserve and its possible impact on fuel prices. After the latest round of California gasoline price spikes in 2022, which were caused in part by supply constraints, the idea of a strategic fuel reserve to offset...
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March 20, 2023 By Kendra Seymour The Sierra Nevada has been pummeled by severe winter storms which have delivered feet of snow in recent weeks. In the wake of these storms, Californians are left dealing with giant snowbanks, weighty snow accumulations straining roofs, and even flooding. But that’s not the only storm California is dealing with. A flood of renewable...
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March 14, 2023 In the U.S., several programs aim to reduce greenhouse gas (GHG) emissions per unit of energy of fuels used in transportation. California, Oregon, and Washington all have low carbon fuel standard (LCFS) style 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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March 6, 2023 By Ryan Biggs Chances are that you have heard about the federal statute officially known as the Merchant Marine Act of 1920; most people refer to it as the Jones Act. Below we look at the creation of the Jones Act and the philosophy behind it, discuss its potential penalties and benefits, and explore how it impacts...
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February 27, 2023 By Dr. Allison Bergquist A quick Google image search of “state LCFS policy maps” results in numerous versions of a U.S. map (and sometimes Europe or Canada) with different states annotated as considering a low carbon fuel standard (LCFS). Note: Program names vary, so LCFS is used throughout this article for simplicity. Though British Columbia (2010), California...
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February 23, 2022 Introduction In late January of 2023, Senate Bill 803 was introduced into the Oregon state Senate.(1) If the bill were to pass, it would require all diesel sold in the Portland metropolitan area (Clackamas, Washington, and Multnomah counties) to meet a carbon intensity of 60 gCO2e/MJ after January 1, 2026, and impose the same requirement in Western...
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February 22, 2023. Updated on February 24, 2023 with the latest Oregon CFP quarterly data. by Megan Boutwell Since the start of the Clean Fuels Program (CFP), the share of renewables in Oregon’s diesel pool has grown. As can be seen in the figure below, biodiesel (BD) is the dominant renewable fuel in the diesel pool. Source: Oregon DEQ We...
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February 22, 2023 By Christine Martin Why do California refineries produce gasoline for California specifications and supply, along with gasoline for the Arizona and Nevada markets? To understand how the California/Arizona/Nevada supply chain works, you first must understand the U.S. PADD distribution system. PADD is an acronym for Petroleum Administration for Defense Districts. They are geographic aggregations of the 50...
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February 21, 2023 In the U.S., several programs aim to reduce greenhouse gas (GHG) emissions per unit of energy of fuels used in transportation. California, Oregon, and Washington all have low carbon fuel standard (LCF) style 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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February 7, 2023 By Christine Martin With the implementation of the Advanced Clean Cars II (ACC II) and the Advanced Clean Truck regulations, California has mandated that all new sales of light-duty vehicles sold in California be 100% zero emissions vehicles (ZEVs) by 2035 and an increasing percentage of new medium-heavy-duty truck sales be ZEV by 2045. How will this...
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February 4, 2023 By Allison Bergquist You may have seen a lot of news lately about fuel prices and the Strategic Petroleum Reserve (SPR). Here, we take a look at the origins of the SPR, the purpose of it and some of the potential challenges moving forward. Another 70s Throwback Following the 1973 oil embargo, President Ford signed the Energy...
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On February 4th, Stillwater President Megan Boutwell presented at the Columbia-Willamette Clean Cities Coalition Annual Workshop on the low carbon fuel supply in the Pacific Northwest. The presentation discusses incentives and regulations, supply and demand on the west coast, and the value of low carbon fuel.
December 5, 2022 We are excited to announce the inaugural edition of our latest publication: Stillwater’s California Cap and Trade (C&T) Newsletter. Stillwater’s C&T Newsletter will provide subscribers insight into the allowance and offset demand and price trends. We’re kicking off this publication with an abbreviated, complimentary edition of Stillwater’s C&T Quarterly Auction Summary which presents the results of the...
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December 1, 2022 by Adam Schubert EPA today announced their proposed RFS standards (“Set Rule”) for 2023, 2024, and 2025. This proposed rule also contains substantial new provisions enabling the generation of eRINs. This proposal is the first rule concerning RFS years past 2022, the last year for which the statute contained specific annual volume requirements. As a result, EPA...
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November 29, 2022 In our article on this topic on September 29th, we briefly discussed the causes behind the rise in retail gasoline prices. Here we take a deeper dive in to what happened to gasoline supply this fall, why costs hit those crazy highs, and the resolution to the problem…this time. You can find further detail in our California...
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On November 29th, Stillwater Chairman Dave Hackett presented at the CEC Hearing on California gas price spikes, refinery operations, and transitioning to a clean transportation future. Dave’s presentation, including notes outlining his commentary for each slide, can be viewed here.
November 28, 2022 by Dave Hackett Gasoline prices soared in California in September until the Governor declared that winter had arrived a month early on Friday afternoon, September 30th. We wrote about the cause of the rise in prices, and have been watching the situation ever since. So, what happened next? First, the California Air Resources Board (CARB) gave approval...
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November 18, 2022 It seems like renewable diesel (RD) is on the radar of nearly everyone in the transportation industry these days. Typically, RD discussions center on California’s Low Carbon Fuel Standard (LCFS) and other LCFS style programs elsewhere which incentivize its use. Flying under the radar, however, is an upcoming regulatory implementation which will require usage of RD in...
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November 8, 2022 By Christine Martin In the wake of skyrocketing gasoline prices in California, refinery maintenance has been quite the hot topic. To dive right in, there are 4 types of refinery maintenance as defined by the U.S. Energy Information Administration (EIA): Planned refinery turnarounds – major maintenance or overhaul activities which occur on a set schedule Planned shutdowns...
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November 7, 2022 By Adam Schubert Background The recently enacted federal Inflation Reduction Act (IRA)(1) includes the sunsetting of the Biomass-Based Diesel Blenders Tax Credit (BTC) at the end of 2024 and replaces it with the Section 45Z Clean Fuel Production Tax Credit (CFPC) defined in Section 13704 of the IRA. We have previously described how this new credit will work...
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October 4, 2022 By Kendra Seymour Stillwater’s greatest strength stems from our uniquely qualified team of experts. Call them OGs, The Big Brains, Senior Associates, Gurus; whatever you call them, they leverage decades of experience at major transportation fuel corporations to help clients navigate challenges with the highest level of industry knowledge, market analysis, policy insight, and emerging technology strategies. ...
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September 29, 2022 Update: On September 30, 2022, at the direction of Gov. Newsom, the California Air Resources Board (CARB) issued a regulatory advisory allowing the sale or supply of gasoline in California that exceeds the Reid Vapor Pressure (RVP) limits in CARB’s gasoline regulations, from September 30 through October 2022. When gas prices spike in California, Stillwater’s phones start...
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September 7, 2022 by Megan Boutwell Among the many incentives for renewable fuel production in the Inflation Reduction Act (IRA) is a new set of tax credits for sustainable aviation fuel (SAF). The IRA defines a two-phased approach to help meet the Biden administration’s goal of producing 3 billion gallons of SAF in the U.S. by 2030. The first two-year...
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September 6, 2022 By Gary Yowell Hydrogen fuel cell vehicles (FCV) are zero emission vehicles (ZEVs) which comply with California’s ZEV mandate and internal combustion engine ban. One challenge facing FCVs is the high fuel cost – due to hydrogen’s unique physical properties. High gasoline prices beyond $4.00 per gallon have recently made it into headlines nationwide; meanwhile, since 2014,...
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September 5, 2022 by Adam Schubert & Mike Leister On July 1, 2022, the U.S. Environmental Protection Agency (EPA) established the final Renewable Fuel Standard (RFS) percentage standard requirements for 2020, 2021, and 2022. These percentages – which are displayed in Table 1 below – were calculated using the renewable identification number (RIN) quantities in Table 2, further below. ...
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On August 17, Stillwater President, Megan Boutwell presented at the Green Transportation Summit and Expo 2022. Megan’s presentation, Renewable Diesel: Demand, Supply and What Happens Next, can be viewed here.
by David Hackett California has big plans to reduce the use of petroleum and replace that energy with electricity. The first goal is to achieve 60% renewable energy by 2030. The next goal is to achieve 100% renewable and zero-carbon electricity while gaining carbon neutrality by 2045. In between, in 2035 the state intends to ban the sale of new...
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By Adam Schubert CARB has been indicating for some time that the next round of revisions to the LCFS would come after the AB32 Scoping Plan was completed. With that in mind, CARB surprised many observers by holding an “informal workshop” on potential changes to the LCFS on July 7th. This session had about 700 attendees. The CARB staff presentation,...
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The Portland City Council voted to adopt Fossil Fuel Terminal Zoning Amendments on December 18, 2019. These Amendments prohibit the development of new fossil fuel storage tanks citywide and prohibit the expansion of tank capacity at existing bulk fossil fuel terminals. Under the zoning amendments, although the existing bulk fossil fuel terminals in Portland are “limited uses” that can continue to operate,...
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June 10, 2021 by Mike Newman, Director of Parhelion Underwriting The effects of climate change are unpredictable, leaving businesses to scramble to adapt to new risks in a shifting new normal. How should companies think about climate change? The key characteristic of Climate Change is its unpredictability and the feeling that the natural rhythm of things has been changed. What...
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May 31, 2022 In accordance with California Governor Gavin Newsom’s Zero-Emission By 2035 Executive Order, the California Air Resources Board (CARB) is developing a ban on the sale of new internal combustion engine (ICE) vehicles by 2035. The goals of this ban are to promote clean air in the state and to mitigate climate change. Stillwater’s recent analysis, Possible Market...
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May 25, 2022 By Leigh Noda *updated June 16, 2022 with current pricing data. Stillwater Associates has been queried why the retail price of diesel fuel is higher than gasoline—even higher than the retail price of premium gasoline. “According to AAA, as of June 16, 2022 California average diesel price breached $7 per gallon at $7.002 per gallon while the average regular gasoline price...
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May 11, 2022 By Gary Yowell The Biden Administration[1] has been promoting EVs as a key federal strategy to address the current petroleum dilemma brought about by the Russian invasion of Ukraine. Using California, the most proactive EV state in the country as a guide, we can examine the effectiveness of EVs in reducing petroleum use. Analysis California’s growing gasoline and...
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May 10, 2022 By Adam Schubert Background On April 12th, President Biden announced that the U.S. Environmental Protection Agency (EPA) would issue an emergency waiver of federal gasoline Reid Vapor Pressure (RVP) regulations this summer for E15—a 15% blend of ethanol with gasoline. This action was finalized on April 29th. As ethanol is typically less costly than hydrocarbon gasoline, this...
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April 29, 2021 On Friday, April 29th, CARB posted the fourth quarter 2021 data for the LCFS program. In today’s flash report, we offer a quick look at the fourth quarter data. Our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which will be available to subscribers on Thursday, May 12th. The fourth quarter data show a net...
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April 5, 2022 By Jim Mladenik Three major issues have dominated media coverage lately associated with an “existential threat” to humanity: the Covid-19 pandemic, climate change, and the war in Ukraine. Medical science seems to have kept up with the rapidly evolving Covid virus and offers visible hopes for defeating or at least containing it. Some activists see climate change...
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March 19, 2022 By Barry Schaps Recently, the U.S. Postal Service (USPS) announced its decision to phase out the current fleet of 30-year-old Grumman postal trucks, replacing as many as 165,000 vehicles with Oshkosh Defense trucks – a contract valued at $11.3 billion over 10 years. While no one would argue the current fleet of dilapidated delivery trucks need replacing,...
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March 11, 2022 by Charles Daly, Channoil Energy History of the Soviet Pipelines To understand the energy dynamics of today’s war in Ukraine, it is necessary to visit the history of the pipeline systems that were built during the Soviet period and within the Warsaw Pact countries. Firstly, most of the production of oil and gas is in Russia...
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March 9, 2022 By Leigh Noda While the national average for regular gasoline today, March 9th, is $4.25 per gallon, California’s average price is much higher at $5.57 per gallon according to AAA. Just last week, California’s average unleaded regular gasoline price exceed $5 per gallon for the first time ever. While a good portion of the increase in gasoline...
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March 8, 2022 By Dave Hackett Oil is in the news in a big way with the Russian invasion of Ukraine. Until this week, most people didn’t know that the U.S. is an importer of Russian oil. This article will look at U.S. imports in 2021 and put the volumes into context relative to the larger market. Crude Oil Imports ...
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March 3, 2022 By Leigh Noda and Kendra Seymour ——- UPDATE March 4, 2022 @ 8:00 AM: Situation averted. Per OPIS, Kinder Morgan restarted segments of its SFPP pipeline Thursday evening following unplanned maintenance work at the company’s Watson station that had shut down the pipeline on Wednesday. ——- Gas prices are already sky-high in California thanks to the state’s...
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March 2, 2022 By Adam Schubert California LCFS credit prices have been on a downtrend since 2020 with the return of quarterly credit surpluses driven by increasing volumes of renewable diesel (RD), growth in the electric vehicle (EV) fleet, and dramatic reductions in the carbon intensity (CI) of renewable natural gas (RNG). Many see this as an opportunity for CARB...
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On February 28, Stillwater Senior Analyst, Jim Mladenik presented at the Bioeconomy Hawaii Forum 2022. Jim’s presentation, Options for Reducing Transport Fuel Carbon Intensity, illustrates the fuel greenhouse gas lifecycle versus that of tailpipe emissions. View a PDF version of this presentation here.
February 1, 2022 Volatility in the LCFS credit market and recently released 3Q2021 data showing nearly 433,000 metric tons in net credits for the quarter have left many investors scratching their heads. What does this mean for the trajectory of the program? How should we think about credit prices going forward? Stillwater Associates’ LCFS Team answers these questions and many...
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January 20, 2022 By Kendra Seymour It’s been nearly three years since we published an updated 101-level overview of the LCFS. It’s past time. Today, we’re delivering a refresher on the current rules and the latest status of the credit market. Let’s dive in! What is the LCFS? California’s Low Carbon Fuel Standard is one of a group of programs...
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January 31, 2021 On Monday, January 31st, CARB posted the third quarter 2021 data for the LCFS program. The 3Q2021 report gives us insight into the credit bank situation more than a year after COVID-19 stay-at-home orders were put into place in California. In today’s flash report, we offer a quick look at the third quarter data. Our comprehensive analysis...
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January 12, 2022 By Megan Boutwell Stillwater’s focus for 2022 is the transportation energy transition. Regulations in the U.S., Canada, and the European Union (EU) along with corporate commitments to lower greenhouse gas (GHG) emissions are driving investments in low-carbon alternatives to petroleum fuels. Here are some of the transportation energy transition hot topics we’ll be following for clients this...
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January 8, 2022 By Jim Mladenik 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. The U.S. federal government has used numbers varying from $41 per metric ton (MT) under the Obama administration to near $1 per MT under President Trump, and, as of February...
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January 6, 2022 By Leigh Noda On December 7th, the California Air Resources Board (CARB) held their second workshop for the current round of potential regulatory amendments to the Low Carbon Fuel Standard (LCFS). The first workshop, Chapter 1, was held more than a year earlier over two days – October 14-15, 2020. CARB staff use these workshops with several...
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January 5, 2022 By Gary Yowell The U.S. Environmental Protection Agency (EPA), California Air Resources Board (CARB), and EV promoters often claim EVs have three times higher fuel economy than their gasoline counterparts. This is like saying eggs come from grocery stores, which is true, but ignores the fact that eggs originate from laying hens before being shipped to and sold...
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November 29, 2021 By David Hackett President Biden announced last week that the government would release 50 million barrels of oil from the Strategic Fuel reserve in a move to reduce gasoline prices. This action created significant commentary and we at Stillwater thought it was an opportunity to dig into the issues and provide some answers to questions folks are...
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November 3, 2021 By Adam Schubert Recent months have seen several announcements of Carbon Capture and Storage (CCS) projects in various stages of development. While commercial CCS operations have limited history, deployment of this technology is seen as a feasible way to eliminate significant volumes of CO2 emissions. In this article, we will take a brief look at existing U.S. incentives for CCS applications in the transportation fuel arena. Is...
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October 29, 2021 On Friday morning, October 29th, CARB posted the second quarter 2021 data for the LCFS program. The 2Q2021 report gives us insight into the credit bank situation more than a year after COVID-19 stay-at-home orders were put into place in California. In today’s flash report, we offer a quick look at the second quarter data. Our comprehensive...
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October 20, 2021 By Nick Griffith 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...
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October 19, 2021 By Jim Mladenik 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...
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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. Stillwater’s LCFS Outlook includes historical...
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September 30, 2021 By Leigh Noda 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...
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September 10, 2021 By Leigh Noda 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. These...
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September 14, 2021 by Adam Schubert 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...
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September 2, 2021 by Mike Newman, Director of Parhelion Underwriting The Oil industry is under pressure on many fronts in the climate change era, not least of which is from their shareholders. First, the background, from the investors’ perspective. Over the past 15 years, the annual total returns to shareholders for the average oil and gas company has lagged the S&P...
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August 1, 2021 By Jim Mladenik, Olivier Macé, and Kendra Seymour The many announcements in the past months of projects to modify refinery and existing facilities to produce renewable diesel (RD) has caused many observers to ask two questions: Where will all the feedstocks come from? Where will all the RD go? The first of these questions is addressed in a series of monthly highlights in Stillwater’s LCFS Newsletter. In this article, we will address the question of...
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On August 10th, Stillwater Vice President of Operations, Megan Boutwell, presented at the CTPMA 2021 Business Forum at the Broadmoor in Colorado. Megan’s presentation touches on the outlook for petroleum product demand, how the federal renewable fuel standard will continue to impact the transport fuels market, and what’s coming with state-level low carbon fuel standard programs. View a PDF version...
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August 10, 2021 by Adam Schubert 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...
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August 2, 2021 On Friday afternoon, July 30th, CARB posted the first quarter 2021 data for the LCFS program. The 1Q2021 report gives us insight into the credit bank situation for a full year following COVID-19 stay-at-home orders. In today’s flash report, we offer a quick look at the first quarter data. Our comprehensive analysis will be published in Stillwater’s...
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July 13, 2021 By Kendra Seymour As explained in our LCFS 101 Beginner’s Guide and LCFS 101 Update articles, California’s Low Carbon Fuel Standard (LCFS) aims to reduce emissions of greenhouse gasses (GHGs) by reducing the average carbon intensity (CI) of transportation fuels that are used in California. Overall program compliance is generally achieved through the substitution of alternative, low-CI...
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June 16, 2021 By Vaughn Hulleman Of the technologies which will help to achieve energy transition goals, carbon capture and storage (CCS) is technically proven, has a long history of use in the oil industry, and yet has had little impact on atmospheric CO2 emissions. The U.S. began incentives for CCS in 2008, with the 45Q tax credit, but until...
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June 15, 2021 The Washington Clean Fuel Standard (CFS) has been signed into law, but the details of program implementation have not yet been developed by the state’s Department of Ecology (DOE). As such, its costs can currently only be estimated by comparing the Washington CFS legislation to the three existing LCFS-type programs in California, Oregon, and British Columbia (BC)....
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June 14, 2021 By Jim Mladenik Stillwater’s Low Carbon Fuel Standard (LCFS) team has closely monitored the trends in the LCFS market in California from its inception a decade ago. As other LCFS-style programs are proposed and implemented in additional jurisdictions, we track trends in these nascent markets as well. After browsing recent data released by British Columbia (BC) concerning that province’s LCFS program,...
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June 15, 2021 By Dave Hackett It’s been a weird, rough year for everyone, hasn’t it? As the world begins to return to the “new normal,” lots of folks are wondering what, exactly, that will look like. In our area of expertise, we’ve received a number of questions from clients and reporters pondering the potential economic impact of California’s “full reopening” today, June 15th. What might that mean for California drivers and for gas...
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May 10, 2021 by Leigh Noda Back in February, we published an article about the factors contributing to the price of gasoline in California. We concluded that, contrary to what some may claim, GHG-reduction programs and taxes on petroleum fuels have a cost, and these costs are passed through to consumers. That first article focused on gasoline, but diesel customers...
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May 10, 2021 By Olivier (Olly) Macé Over the coming months, Stillwater plans to publish a series of articles highlighting potential paths to Net Zero here in the U.S. and globally. We kick off this series with an article from one of our newest Senior Associates who lives in England. Greetings from old Europe, where the interest in the energy...
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April 30, 2021 This afternoon, CARB posted the fourth quarter 2020 data for the LCFS program. The 4Q2020 report gives us insight into the credit bank situation for the nine months following COVID-19 stay-at-home orders. In today’s flash report, we offer a quick look at the fourth quarter data. Our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter...
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April 26, 2021 Over the weekend, the Washington State Legislature passed HB 1091, the state’s Clean Fuel Standard. The bill is now on Governor Jay Inslee’s desk awaiting signature. Assuming Governor Inslee signs the legislation, which is all but certain, Washington will join California, Oregon, and British Columbia as states/provinces on the West Coast to enact LCFS style programs that mandate the reduction of carbon emissions in the transport fuel...
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April 26, 2021 by Mike Newman, Director of Parhelion Underwriting As the aviation industry seeks to reduce its greenhouse gas (GHG) emissions, decoupling airline growth from carbon growth, Sustainable Aviation Fuel (SAF) has emerged as the leading approach to further reduce GHG emissions from jet aircraft. The world’s aviation sector currently accounts for approximately 2-3% of manmade global carbon emissions....
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On April 12, 2021, Stillwater Senior Associate Gary Yowell presented at the SAE High-Efficiency IC Engine Symposium Digital Summit on the topic of how zero-emissions vehicles stack up against super-clean gasoline and diesel engines. To view a PDF version of Gary’s slide deck, click here.