The regulations would require fossil fuels producers and distributors to reduce their products carbon content by 2.6 pct by 2022 increasing to 13 pct by 2030. Companies could achieve that by reducing carbon emitted during production and use of those fuels or by earning credits to apply against emissions. Import rules would be tightened to ensure biofuels brought into Canada were actually reducing carbon emissions in their country of origin. The rules would also enable fuel distributors to earn credits by helping drivers switch to electric vehicles by, for example, building charging stations.
Current biofuel and fossil fuel blending requirements would remain and become part of the new regulations which are projected to reduce emissions by nearly 21 megatonnes by 2030. (Source: CBC News, 20 Dec., 2020)
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