British Columbia’s Low Carbon Fuel Standard (BC-LCFS)
The British Columbia Low Carbon Fuel Standard (BC-LCFS) is a program that aims to reduce the carbon intensity of transportation fuels in British Columbia.
The BC-LCFS was established in 2008 and implemented in 2013 with the goal of reducing the carbon intensity (CI) of fuels used in the province. The BC-LCFS functions in much the same way as the California Low Carbon Fuel Standard (LCFS), the Oregon Clean Fuels Program (CFP), and the Washington State Clean Fuel Standard (CFS).
The BC-LCFS is designed to decrease the carbon intensity of British Columbia’s transportation fuel pool by 30% relative to 2010 by 2030 levels and provide an increasing range of low-carbon and renewable alternatives, which reduce petroleum dependency and achieve air quality benefits.
1 - Use Electric or Hydrogen Vehicles in Your Fleet
Using an EV fleet or planning to upgrade? Clean Fuel Standards offer financial incentives that can help reduce the overall expenses of maintaining and operating your clean fuel-powered fleet, making sustainability a practical and economical choice.
FuSE tracks your fleet assets and energy consumption by location. If needed, we can help facilitate sub-metering installations for eligible, non-networked chargers.
3 - We Register, Report, and Monetize Your Credits
FuSE registers our partners in all state systems, manages reporting submissions, data confirmations, and all other government-interaction needed to generate Clean Fuel Standard credits.
We trade your credits on an open market to oil producers and refiners required to purchase them and leverage the best pricing by combining your credits with thousands of other fleets doing the same.
You are issued payments every quarter (in the US) or every year (in Canada). Once registered, FuSE manages the entire process. You will be issued incentive payments to help advance your fleet's sustainability initiatives.
Under the BC-LCFS program, companies can earn credits by producing or importing low-carbon fuels, implementing process improvements that reduce the carbon intensity of low carbon fuels. Companies with surplus credits can then sell them to other companies that need to offset deficits.
A company’s compliance obligation is determined by the balance of debits and credits accrued or earned through the fuels they supply. Companies with deficits from supplying fuels with high carbon intensity must purchase credits from companies that have surplus credits from supplying low carbon intensity fuels. Companies can generate credits by supplying electricity (an example of low carbon fuel in the program) through their EV chargers
The BC-LCFS credit market is designed to create a financial incentive for companies to reduce their carbon emissions, as companies that produce or import low-carbon fuels can earn revenue from selling their credits to other companies. It provides a flexible means of compliance, allowing companies to achieve reductions in the most cost-effective way possible.
Contact Us
For more information about the BC-LCFS and how your organization can get started earning credits, contact us today through our request consultation form.
