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Canada to offer biofuel incentives

Published Monday, July 09, 2007

Canada’s Prime Minister, Stephen Harper, has announced that the Canadian government will provide up to C$1.5 billion (US$1.43 billion) ) in the form of incentives over nine years to producers of renewable alternatives to gasoline and diesel fuel. The program, titled Canada’s ecoENERGY for Biofuels, is intended to dramatically boost the country’s production of biofuels. Last December, the Canadian government announced a new regulation requiring a 5% average renewable content in gasoline by 2010. At that time, the government also signaled its intention to develop a similar requirement of 2% renewable content for diesel and ...

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