Canadian government announces biofuels initiative

By | August 27, 2007
Canadian Prime Minister Stephen Harper introduced the inception of a nationwide initiative that will boost the country's production of biofuels. Dubbed the "ecoEnergy for Biofuels" initiative, the Canadian government will provide up to $1.5 billion in the form of incentives over nine years to producers of renewable fuels such as ethanol. Close to 792 MMgy of renewable fuels will be needed annually to meet the requirement of the new regulations, according to Canadian Renewable Fuels Association Director of Public Relations Robin Speer. In 2006, Canadian biofuel production was at about 105 MMgy.