ANALYSIS: Delayed LCFS decision sparks market bull run, but prices retrace with cautious optimism

Published 23:01 on February 19, 2024 / Last updated at 23:01 on February 19, 2024 / / Americas (US & Canada), Insights (Analysis), Net Zero Transition (Transport & Heating Fuels)

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California regulator ARB’s announcement to postpone a hearing and vote regarding amendments to its Low Carbon Fuel Standard (LCFS) saw a short-lived market rally, as market observers anticipate significant changes to the proposed amendments, which were criticised by industry, environmental groups, and market participants alike.
California regulator ARB’s announcement to postpone a hearing and vote regarding amendments to its Low Carbon Fuel Standard (LCFS) saw a short-lived market rally, as market observers anticipate significant changes to the proposed amendments, which were criticised by industry, environmental groups, and market participants alike.


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