Tag Archive: SSC&T

Stationary Source Cap & Trade Benchmark Cost is Way Down due to Increased Allowances

March 11, 2020 ,

Stillwater publishes our proprietary daily benchmark price to demonstrate the cost of California’s Stationary Source Cap & Trade (SSC&T) program to refiners. Our readers may have observed that the benchmark SSC&T cost has recently dropped significantly, which begs the question: Why? On December 6, 2019, the California Air Resources Board (CARB) released its 2020 Cap & Trade Vintage Allowance Allocation...
Read More

Why Aren’t Refiners Recovering Stationary Source Cap & Trade Costs?

September 20, 2019 , ,

September 20, 2019 by Jeff Kennedy “The more things change, the more they stay the same.” I’m sitting here on a Friday afternoon, contemplating just how true that old adage is. More than 25 years ago, before Stillwater was launched and before the ExxonMobil merger, I was with Mobil West Coast Supply in Long Beach working with many of the...
Read More

Stillwater Benchmark for Refinery Stationary Source Cap & Trade Costs

February 21, 2019 , ,

March 26, 2020 0.129 cpg   This benchmark represents the cost in cents per gallon of CARBOB gasoline and CARB diesel incurred by the refining sector under of the stationary source provision of California’s Cap and Trade program (Stationary Source Cap and Trade or SSC&T). Stillwater’s Benchmark for Refinery SSC&T Cost is calculated using the following formula: Actual Refining Sector...
Read More

California Stationary Source Cap and Trade Benchmark

August 8, 2018 , ,

August 8, 2018, updated February 28, 2019 BACKGROUND California’s Global Warming Solutions Act of 2006 (AB 32) put in place a series of policies and programs across all major sectors with the goal of returning California emissions to 1990 levels by 2020. The California Air Resources Board (CARB) is tasked with developing regulations and market mechanisms to meet this goal....
Read More