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Storage tanks at a PBF Energy refinery at Delaware City, Delaware on Aug. 21, 2015. (File photo: Reuters/Charles Mostoller)
Crops, Other

U.S. refiners amass biofuel liability as Biden mulls relief

Open RIN positions could hit refiners' earnings

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New York | Reuters — U.S. merchant refiners have amassed up to a US$1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall.
A pair of Bombardier C series jets. (Bombardier.com)
Crops, Other

U.S. lawmakers to propose tax credit for sustainable aviation fuel

Fuel from plant oils, animal fats would qualify

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New York | Reuters — U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. The legislation, seen by Reuters, would impose a tax incentive of up to US$2 for every gallon
Racing an analogy for battery-powered tractors
Machinery, News, Other

Racing an analogy for battery-powered tractors

Producing renewable electricity from farm biomass would be the ultimate closed loop

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For an analogy on the advancement of battery-powered machinery, Dennis St. George turns to car racing. Formula E is an all-electric car racing league formally known as the ABB FIA Formula E World Championship. Its first season began in 2014. Better battery technology will eventually find its way into farm equipment. Its cars bear great resemblance to
(Dave Bedard photo)
Crops

Cost index up for CN, down for CP in grain revenue formula

CP expects lower labour costs, CN higher

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Expected labour costs were the major difference in a new ruling on the index that determines how much revenue each of Canada’s big two railways get to keep in the coming crop year from hauling Prairie grain. The Canadian Transportation Agency (CTA) on Thursday announced its decisions on the volume-related composite price index (VRCPI) for
(Dave Bedard photo)
Markets

Diesel prices, carbon tax cause headaches for farmers

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MarketsFarm — Crude oil prices have been steadily on the rise since last November as oil-producing nations implement production cuts and Canadian farmers already affected by climbing diesel prices will have to dig deeper into their wallets this April. On April 1, the federal government’s carbon levy on diesel will go up from 8.05 cents
(Fentino/E+/Getty Images)
Crops

Bibeau promises help to farmers on rising carbon tax

Funds expected to help farmers cut emissions

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A steadily rising carbon tax has a lot of Western Canada’s grain farmers wondering how they’ll compete in world markets against competitors not subjected to a similar tax. “I think the world market is also looking towards a greener economy and always more sustainable agriculture,” federal Agriculture Minister Marie-Claude Bibeau said when the question was
Federal Agriculture Minister Marie-Claude Bibeau and Conservative ag critic John Barlow discussed the impact of carbon pricing on farm expenses when Bibeau addressed an agriculture committee meeting on June 10, 2020. (Video screengrabs from Parl.gc.ca)
Crops

Carbon pricing not having ‘significant impact’ on grain drying, Bibeau says

Conservatives, ag groups dispute government's numbers

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Ottawa — Grain drying costs an average of $210 to $819 per farm in carbon taxes, according to federal Agriculture Minister Marie-Claude Bibeau. Her department used data provided by grower groups – including Manitoba’s Keystone Agricultural Producers (KAP) and the Agricultural Producers Association of Saskatchewan (APAS) – to arrive at the figures. The federal estimate
(Dave Bedard photo)
Crops

Union warns of fuel supply disruption in ‘Dear Farmers’ notice

Farmers 'should not be worried,' FCL says

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The union representing locked-out workers at Regina’s Co-op Refinery Complex is warning Prairie farmers that a disruption of fuel supplies during seeding could be the “only option” it has in its labour dispute with Federated Co-operatives (FCL). Unifor 594, whose 730-odd members at the CRC were locked out Dec. 5 after serving 48 hours’ strike

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