Tidewater Renewables Supports BC’s Low Carbon Fuels Act Amendments

The latest update is out from Tidewater Renewables Ltd. ( (TSE:LCFS) ).

Tidewater Renewables Ltd. welcomes the Government of British Columbia’s amendments to the Low Carbon Fuels Act, which aim to strengthen the Canadian biofuels sector. The changes, including an increase in the renewable fuel requirement for diesel and a mandate for Canadian production, are intended to create a fairer trade environment for Canadian producers against U.S. competition. This move is seen as a positive step for the economic viability of Tidewater Renewables and the broader Canadian biofuels industry, as it seeks to address unfair trade practices and support the industry’s growth.

More about Tidewater Renewables Ltd.

Tidewater Renewables Ltd. is a multi-faceted energy transition company focused on the production of low carbon fuels, including renewable diesel. The corporation was established to meet the growing demand for renewable fuels in North America and efficiently convert various renewable feedstocks into low carbon fuels.

YTD Price Performance: -26.74%

Average Trading Volume: 23,581

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$22.93M

Find detailed analytics on LCFS stock on TipRanks’ Stock Analysis page.