OTTAWA, Feb. 20, 2019 – Renewable Industries Canada (RICanada) supports the Government of Ontario’s Emissions Performance Standard (EPS).
Ontario’s domestic ethanol producers are a crucial part of the solution to reducing GHG emissions and air pollution in the province. Ethanol is a clean-burning, renewable fuel that can reduce GHG emissions by over 60% compared to traditional gasoline. However, domestic producers are trade exposed and ethanol pricing is dictated by foreign markets, primarily the United States.
The EPS offers a made-in-Ontario solution
First, it correctly recognizes market realities and successfully puts industrial emissions reductions into a local perspective. It also provides companies an incentive to reduce facility emissions and shrink their carbon footprint. When combined, these complementary measures are good news for Ontario’s environment and economy.
Founded in 1984, Renewable Industries Canada (RICanada) is a non-profit organization with a mission to promote the use of value-added products made from renewable resources. RICanada is the industry’s leading voice in raising consumer awareness and in providing input to governments with respect to policies, legislation and regulations affecting the interests of our over 30 member companies.