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For 17 years, trucker Colin Birch has been hitting the highways to collect used cooking oil from restaurants.
He works for Vancouver-based renderer West Coast Reduction Ltd, which processes the grease into a material to make renewable diesel, a clean-burning road fuel. That job has recently gotten much harder. Birch is caught between soaring demand for the fuel driven by U.S. and Canadian government incentives and scarce cooking oil supplies, because fewer people are eating out during the coronavirus pandemic.
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Turning protein waste into next-generation biofuel Content from Globe Content Studio Published January 18, 2021
Supplied by West Coast Reduction
West Coast Reduction has become a key biofuel feedstock supplier to some of the world’s largest energy producers
The same process used to make soup stock is helping West Coast Reduction Ltd. cut the carbon footprint of fossil fuels.
The Vancouver-based company primarily focuses on rendering: taking leftover meat and fish products from farms, slaughterhouses, grocery stores and restaurants that would otherwise become waste or compost, and recycling certain components for use in animal feed and, more recently, alternative fuel.
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With the broader U.S. indices up on one of the worst years in recent memory, one has to think that 2021 will be an even better year, given it could hold the end of the pandemic and a profoundly sharp economic recovery, the likes of which we may never have seen before. While it’s tempting to go all-in on the riskiest of cyclical stocks at this juncture, I’d urge investors not to rule out the potential for negative surprises in the new year and to continue maintaining a balance between defence and offence, or pandemic-resilient stocks like
CRA Tax Increase: Your Fuel Costs Will Rise Drastically!
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The Trudeau administration plans to increase Canada’s carbon tax and hit the country’s emission target by 2023. Should it push through and becomes law, the carbon tax will increase by $15 per tonne each year, starting in 2023 until the tax reaches $170 per tonne in 2030. The overall increase would be around 566%.
Canadian provinces with carbon taxes on fuels must match the federal increases in 2023 to 2030. If not, their carbon taxes would not be equivalent, and, therefore, the federal tax will apply on fuels produced and distributed in their provinces. Similarly, provinces must match the federal tax in their emissions regulations or else the output-based pricing system (OBPS) may apply.
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