Louisiana Light • 2 days | 73.02 | -0.64 | -0.87% | |||
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | |||
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% | |||
Mars US • 321 days | 75.54 | -1.36 | -1.77% | |||
Gasoline • 15 mins | 2.049 | -0.011 | -0.55% |
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | |||
Girassol • 31 days | 79.56 | -1.80 | -2.21% | |||
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% |
Peace Sour • 55 mins | 68.16 | +1.28 | +1.91% | |||
Light Sour Blend • 55 mins | 67.41 | +1.28 | +1.94% | |||
Syncrude Sweet Premium • 55 mins | 72.16 | +1.28 | +1.81% | |||
Central Alberta • 55 mins | 69.16 | +1.28 | +1.89% |
Eagle Ford • 2 days | 67.39 | -0.28 | -0.41% | |||
Oklahoma Sweet • 2 days | 67.50 | -0.25 | -0.37% | |||
Kansas Common • 3 days | 58.02 | +1.10 | +1.93% | |||
Buena Vista • 3 days | 77.67 | +1.10 | +1.44% |
Solar-powered water pumps have the…
Saudi Aramco has strengthened ties…
Canadaâs British Columbiaâs environmentally friendly energy output is currently taxed at the same level as the fossil fuels they aim to replace.
The province nevertheless is in the forefront of North American efforts to mitigate the effects of greenhouse gas emissions, as British Columbia has instituted a carbon tax along with a ban on coal-fired electricity production and committed itself to join a regional greenhouse-gas reduction agreement in early 2012, the Vancouver Sun reported.
The progressive policies have had a significant impact on the provinceâs economy, as according to a recent report from the KPMG accounting firm, British Columbia now has 202 clean-tech companies, employing about 8,400 people and generating $2.5 billion in annual revenue.
British Columbiaâs renewable energy sector includes green co-operatives and startups producing renewable biofuels like B100, 100-per-cent biodiesel. These progressive companies are assisting British Columbia to meet its carbon reduction goals while fulfilling the British Columbia Energy Plan's objective to "reduce emissions and advance the domestic renewable fuel industry."
The provinceâs progressive policies have nevertheless resulted in rising biofuel prices. Last year the British Columbian government eliminated an exemption for biofuels from the Motor Fuels Tax, resulting in those purchasing 100-per-cent renewable vehicle fuel from the Vancouver biodiesel Co-op now forced to spend an additional 24 cents per liter.
By. Charles Kennedy, Deputy Editor OilPrice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com