A government announcement has been made relating to increasing the market for LNG and renewable natural gas (RNG) in British Columbia, Canada.
Amendments to the Greenhouse Gas Reduction Regulation (GGRR) under British Columbia’s Clean Energy Act will enable utilities to increase incentives to stimulate the use of LNG to fuel large marine vessels, and enable utility investments in renewable natural gas.
FortisBC currently has about US$47 million in financial incentives available reduce the capital costs associated with the conversion to natural gas powered vehicles, marine vessels and industrial applications. FortisBC also provides LNG and CNG fuelling solutions for customers (infrastructure and station dispensing services).
With the new amendments we now can expand our investments to realize the significant economic opportunities and environmental benefits presented by natural gas for transportation – this includes incremental expenditures of US$70 million toward incentive LNG powered marine vessels and locomotives to move goods to West Coast ports in BC.
“The provincial government's leadership allows FortisBC to build upon existing programs supporting the natural gas for transportation and renewable natural gas sectors,” said Michael Mulcahy, president and CEO of FortisBC.
In British Columbia, the transportation industry is responsible for the largest share of provincial greenhouse gas emissions. So, converting fleets and vehicles to natural gas not only helps the province meet its greenhouse gas reduction goals but also helps improve air quality in the communities in which they serve.
And the benefits are not limited to our economy – natural gas is the world’s cleanest burning fossil fuel and stimulating the use of LNG in deep-sea ships and the use of renewable natural gas provides our province with an opportunity to lower greenhouse gas emissions on a global scale.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11042017/an-investment-in-clean-fleet/