Tag Archive: LCFS

Post-Coronavirus: What’s Next in the Environmental Commodities Markets

April 30, 2020 , ,

On April 30th, 2020, Stillwater President Dave Hackett participated in a webinar hosted by Parhelion Underwriting on the topic of how the fallout from COVID-19 will affect environmental commodities. Dave spoke about the federal Renewable Fuel Standard (RFS) and California’s Low Carbon Fuel Standard (LCFS) credit markets. To view a PDF version of Dave’s slide deck, click here.

COVID-19 and the LCFS: Groundhog Day

April 15, 2020 , ,

April 15, 2020 By Leigh Noda For the past month, the Stillwater LCFS team has been publishing regular reports on how COVID-19 is affecting the LCFS program and the fuels markets governed by the program. This is the latest of that series. You can read our previous updates here. Want to receive updates like this and other in-depth analysis of the...
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COVID-19 and the LCFS: Ain’t No Sunshine

April 6, 2020 , ,

April 3, 2020 Note: The title of today’s analysis pays tribute to onetime Navy aircraft mechanic and three-time Grammy Award winner Bill Withers who died March 30th. As AP reporter Mark Kennedy observed, Withers’ “death comes as the public has drawn inspiration from his music during the coronavirus pandemic, with health care workers, choirs, artists and more posting their own renditions on...
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Flash Report: 3Q2019 LCFS Data Show a Continued Slowing Trend in Net Deficits

February 3, 2020 ,

February 3, 2020 On January 31st, 2020 CARB posted the third quarter of 2019 data for the LCFS program. In today’s flash report, we offer a quick look at the third-quarter data. Our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which is scheduled to be published on February 14th. The third-quarter data shows a slowing of the...
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2Q2019 LCFS Data – Insights into the Future of Clean Fuels Programs

November 15, 2019 ,

November 15, 2019 By Leigh Noda On October 31st, the California Air Resources Board (CARB) released the data reported by fuel-reporting Entities into the Low Carbon Fuel Standard (LCFS) Reporting Tool (LRT) through the second quarter of 2019. Stillwater has analyzed the data and included our analysis in our Second Quarter 2019 LCFS Newsletter (subscription required). In this article, we...
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Flash Report: 2Q2019 LCFS Data Show Slowing Drawdown of Credit Bank

November 4, 2019 ,

November 1, 2019 On October 31st, CARB posted the second quarter of 2019 data for the LCFS program. In today’s flash report, we offer a quick look at the data. Our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which is scheduled to be published on November 14th. The second quarter data show credits growing more than deficits...
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A Look at Oregon’s First Credit Clearance Market

June 20, 2019

June 20, 2019 By Jim Mladenik On May 31st, the Oregon Department of Environmental Quality (DEQ) issued a statement explaining the need for a Credit Clearance Market (CCM) to enable deficit holders in the Clean Fuels Program (CFP) to balance their accounts for the 2018 calendar year. Six entities (ARS Fresno, Conrad & Bischoff, Costco, Pilot, Pounder Oil Service, and...
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California’s LCFS Solution Gets National Stage Time in Canada

March 15, 2019

Stillwater has written a lot about the California Low Carbon Fuel Standard (LCFS) program over the years, and we even publish a one-of-a-kind LCFS Newsletter covering California’s program. We’ve also reported on Oregon’s Clean Fuels Program (CFP) from its inception in 2016. Now, we turn to Canada’s under-construction Clean Fuel Standard (CFS) which aims to reduce Canada’s greenhouse gas (GHG)...
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A Look Ahead: The Long Term LCFS Credit Price

December 14, 2018 ,

On December 13, 2018, Stillwater Senior Associate Leigh Noda participated as a panelist at the OPIS LCFS & Carbon Markets Workshop in San Francisco. The panelists were asked to address: “What exactly will the long-term price of the LCFS credit look like? As the LCFS program heads into 2020 and beyond, what products will produce the most credits?” Leigh weighed in...
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Projecting the Costs of California’s Cap & Trade and Low Carbon Fuel Standard Programs

July 25, 2018 , ,

July 25, 2018 By Jim Mladenik and Kendra Seymour Showing the line-item cost to consumers of carbon-reduction programs assists legislators in crafting effective policy and helps fuel consumers make informed decisions. To that end, Stillwater’s carbon policy team recently conducted an analysis of the potential impact of California’s Low Carbon Fuel Standard (LCFS) and Carbon Cap & Trade (C&T) programs...
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LCFS Successes and Challenges

June 20, 2018 , ,

On June 19, 2018, Stillwater’s President, Dave Hackett, participated as a panel member in an informational hearing on the Low Carbon Fuel Standard (LCFS) held by the California State Assembly’s Select Committee on California’s Energy Future. The panel included an overview of the LCFS offered by the Legislative Analyst’s Office followed by comments from regulated parties and interested stakeholders. Dave...
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LCFS 101 – An Update

May 2, 2018 , ,

May 2, 2018 by Megan Boutwell A lot has happened since we wrote our first LCFS 101 article last year. Here we provide an update on the rules and the status of the credit market. What is the LCFS California’s Low Carbon Fuel Standard is one of a group of programs designed to reduce greenhouse gas (GHG) emissions enacted through...
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Carbon Capture and Utilization for Enhanced Oil Recovery

March 28, 2018

March 28, 2018 By Dave Hackett Buzz-word phrases like Carbon Capture and Storage, its sister concept Carbon Capture and Utilization, Enhanced Oil Recovery, and “Clean Coal” have been gaining air time in conversations among oil industry experts and policymakers. Stillwater has done work in the CCU space. In fact, Stillwater Energy Group – a subsidiary of Stillwater Associates – has...
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FLASH ANALYSIS: CARB’s Latest LCFS Rulemaking – Are the goalposts moving?

February 22, 2018 , ,

February 22, 2018 On February 20th, the California Air Resources Board (CARB) released Unofficial LCFS Rulemaking Documents for public review. These proposed amendments will be considered at a CARB Board hearing in April 2018 and voted on at a second hearing in mid-to-late 2018. In the past, CARB has released draft rulemaking documentation before public workshops, but this release –...
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Policy trends we’ll be watching in 2018

January 17, 2018

January 15, 2018 By Megan Boutwell Stillwater’s transportation energy policy experts closely follow federal, state, and international policy developments and their impacts on industry and consumers. As 2018 begins, there are a number of policy trends that we will be following and for which we’ll provide expertise to clients. The following are of some of the biggest policy trends we...
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What’s New in California’s Final 2017 Climate Change Scoping Plan?

January 17, 2018 , ,

January 10, 2018 By Miriam Stern Last month, the California Air Resources Board (CARB) approved the final version of California’s 2017 Climate Change Scoping Plan, a blueprint for reducing Greenhouse Gas Emissions (GHGs), bolstering clean energy, and improving air quality. We previously summarized the proposed Scoping Plan (drafted early last year), and, while the overall framework in the final plan...
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Stillwater’s View of the California Low Carbon Fuel Standard

January 9, 2018

At a January 9, 2018, public hearing in the Washington State House Committee on Environment, Stillwater president Dave Hackett presented comments on HB 2338, an act relating to reducing greenhouse gas emissions associated with transportation fuels by introducing an LCFS program in that state. You can view a PDF of Dave’s presentation here and a video of the panel here. Want LCFS news, data,...
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The Hidden Taxes in Gasoline and Diesel Prices

December 12, 2017

In the first quarter of 2017, CARB reported the first quarter of net deficits generated in the program. As the carbon intensity standards become more stringent, the demand for LCFS credits will increase significantly in 2018 and continue into 2019 and 2020. The credit bank that has built up will be drawn down, causing the price of LCFS credits to...
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Forecasting LCFS Credit Prices

June 22, 2017 ,

Dave Hackett’s presentation to CARB’s June 22, 2017 board meeting. Dave provided comments to the board on the forecasted rising LCFS cost, or hidden tax, in gasoline and diesel price. This analysis first appeared in Stillwater’s June 2017 Monthly LCFS Newsletter. You can download a copy of the presentation here. Want LCFS news, data, and exclusive expert analysis delivered to your e-mail...
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LCFS 101 – A Beginner’s Guide

February 28, 2017 ,

February 28, 2017 by Megan Boutwell Not too long ago a friend checked in looking for an LCFS tutorial. Based on that request we decided to put together a handy dandy LCFS guide. We could go on for days about this stuff, but we’ll show a little discipline and just give you the high points. The LCFS can seem like...
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Second Quarter 2016 LCFS Credit Trends

November 17, 2016 ,

November 17, 2016 Each quarter, our Stillwater LCFS Quarterly Newsletter takes an in-depth look at one aspect of California’s Low Carbon Fuel Standard and other low carbon standard efforts around the country. In our latest LCFS Quarterly Newsletter, Leigh Noda analyzes the LCFS credit trends. The following is an excerpt from the latest Stillwater Quarterly LCFS Newsletter. The credits and...
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Oregon’s First Quarter of Clean Fuels Program Compliance

October 11, 2016

October 10, 2016 Each month, our Stillwater LCFS Monthly Newsletter takes an in-depth look at one aspect of California’s Low Carbon Fuel Standard and other low carbon standard efforts around the country. In our latest LCFS Monthly Newsletter, Jim Mladenik compares the first quarter of Oregon’s Clean Fuels Program with California’s LCFS first quarter. The following is an excerpt from...
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LCFS Credit Price: What’s behind the nose dive?

August 9, 2016

August 9, 2016 Back in February, LCFS credit prices were trading for about $130 per metric tonne (MT). Prices were fairly steady through the spring, and then something happened in July to make the price drop. LCFS credits lost more than half of their value from February, hitting the $56/MT mark in the last week of July. Prices have rebounded...
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Subscribe to Stillwater’s LCFS Newsletter Today!

May 2, 2016

Is your company impacted by California’s Low Carbon Fuel Standard? The LCFS is well underway, and it’s important that Covered Entities and the companies that support them have the right information to make smart Credit Market decisions. Stillwater’s LCFS Newsletter is a powerful tool for Covered Entities to use as they navigate the standard. This unique publication offers the latest...
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LCFS and Cap & Trade – Is Greenhouse Gas Regulation Coming Soon to a State Near You?

October 27, 2014

Dave Hackett’s presentation at the Annual OPIS Supply Summit on October 27, 2014. This presentation discusses the current California LCFS and Cap & Trade regulations and how they are affecting the transportation fuels industry in the state. It also explores the status of clean fuels and low carbon fuel standards being considered in other states around the country. VIEW PRESENTATION...
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The Low Carbon Fuel Standard Continues to Evolve

June 25, 2014

June 24, 2014 by Leigh Noda Now in its fourth year to meet a ten-year target, the Low Carbon Fuel Standard (LCFS) continues to be an evolving regulation. With the extension of the 2013 standard to 2014, and the concepts discussed below that CARB introduced in March, we see a regulatory trend of CARB expanding the potential for LCFS credit...
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What is the latest on California’s Low Carbon Fuel Standard?

January 24, 2014

January 3, 2011 By David Hackett Stillwater has been following the LCFS issues from the start and we have concerns about the feasibility of the biofuels program to meet the carbon intensity goals at an affordable price. Our calculations indicate that the regulation will increase motorists’ costs by billions of dollars per year as the transportation fuel industry is forced...
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The California Low Carbon Fuel Standard and the Innovation Gap

November 15, 2013

August 1, 2012 by Megan Boutwell California’s Low Carbon Fuel Standard remains controversial. Obligated parties to California’s Low Carbon Fuel Standard continue to study the regulation and wonder if it is even feasible. A study commissioned by Western States Petroleum Association and authored by the Boston Consulting Group is the latest to make headlines by predicting the severe negative impacts...
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An Update on California’s Low Carbon Fuel Standard

November 15, 2013

October 24, 2012 by Leigh Noda On October 16th, oral arguments were heard before three justices of the Ninth Circuit Court of Appeals on the California Air Resources (CARB) appeal. The District Court for the Eastern District of California in December found that California’s Low Carbon Fuel Standard (LCFS) violated the Commerce Clause of the US Constitution that limits states...
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What Does California’s Low Carbon Fuel Standard Mean for You?

March 14, 2013

Dave Hackett’s presentation at the 2013 AFPM Annual Meeting on the effects of California’s Low Carbon Fuel Standard. The presentation explores these questions: Will the regulation be adjusted to reflect market conditions? How hard do regulators push for new technology development? How do we know this innovation is occurring fast enough to meet the schedule set forth by the regulation?...
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