ICE hires manager for North American environmental markets
The Intercontinental Exchange (ICE) has hired a new manager on its North American environmental desk, according to an email sent to market participants Tuesday.
Read MoreLCFS Market: California prices rising as large players ramp up activity
California Low Carbon Fuel Standard (LCFS) credits have risen past the $190 mark in recent days on the heels of increased purchasing, reversing some of this spring’s losses.
Read MoreIncubEx hires former broker to build out renewable fuels business
Product and business development firm IncubEx has hired a senior vice president from an international biofuels brokerage firm to help expand the company’s offering into renewable fuel-based environmental products.
Read MoreWashington state legislators, localities planning next steps for LCFS push
Washington state lawmakers will engage with fellow legislators and stakeholders for the rest of 2019 as they restart efforts to pass a low-carbon fuel standard (LCFS) bill next year, while a Seattle-area clean air agency is planning its own rulemaking process for a regional clean fuels programme.
Read MoreCostco among six companies to make up OCFP credit shortfall this summer
Multinational retailer Costco and five other transportation fuel importers will enter the Oregon’s Clean Fuels Programs’ (OCFP) Credit Clearance Market (CCM) to complete their credit purchases for the 2018 compliance year, the state environmental agency announced late Friday.
Read MoreCalifornia slaps Tesoro with $1.36 mln fine for LCFS reporting violations
California regulator ARB released a $1.36 million settlement agreement on Thursday with fuel refiner and marketer Tesoro for misreporting six years’ worth of data under the state’s Low Carbon Fuel Standard (LCFS), including several million gallons of deficit-generating fuel.
Read MoreUS EPA abandons trading restrictions in finalised RIN reform package
The US EPA released its final rule on Friday for allowing year-round sales of 15% ethanol blends and increasing transparency in the biofuel credit (RIN) market under the Renewable Fuel Standard (RFS), but the agency dropped several proposed restrictions on credit trading for the time being.
Read MoreUPDATE – US Carbon Pricing Roundup for week ending May 24
A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including the push to finish Oregon’s WCI-modelled cap-and-trade proposal, Maryland’s governor proposing an alternative method of achieving 100% clean electricity, and several developments related to compliance waivers and proposed biofuel credit trading reforms under the federal Renewable Fuel Standard.
Read MoreUS court rejects request for EPA to temporarily halt biofuel credit waivers
A US appeals court turned down a biofuel trade group’s motion on Friday to temporarily halt 2018 compliance waivers under the Renewable Fuels Standard (RFS), but the organisation’s related lawsuit against the EPA’s accelerated use of these exemptions will continue.
Read MoreUS Carbon Pricing Roundup for week ending May 17
A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including the New Hampshire legislature passing a bill to divert RGGI funding to energy efficiency projects and remove an exit clause, the US House of Representatives discussing carbon taxes in the chamber’s tax-writing committee, and California officials floating the idea of banning internal combustion engines to counter federal vehicle fuel standard rollbacks.
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