In December 2020, the federal government released its revised regulations for the Clean Fuel Standard – and with notable changes, including elimination of the gaseous and solid fuel streams. These changes were made in tandem with other significant announcements, including Bill C-12 (the Net Zero legislation), an increase in the carbon tax to $170 a tonne, the release of the federal hydrogen strategy, and the Healthy Environment, Healthy Economy plan outlining how the government intends to achieve decarbonization across all sectors of society.
In this presentation, Canada West Foundation Natural Resources Centre Director Marla Orenstein analyzes what this suite of announcements – with particular focus on the CFS – means for Canada’s oil sands sector, and what key issues the sector should be paying attention to over the next few months.