Demystifying How Carbon Credits Work
Demystifying How Carbon Credits Work
2 months ago
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CARB's Low Carbon Fuel Standard CARB's Low Carbon Fuel Standard California Air Resources Board's Low Carbon Fuel Standard gives credits to renewable diesel producers while penalizing gasoline refineries, driving conversions at Chevron Richmond, Marathon Martinez, and Phillips 66 Rodeo. Less gasoline production means more imports and higher prices while 28 million Californians still drive gas cars. From gas price frustration to national security, this affects us all. California gas prices, refine
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CARB's Low Carbon Fuel Standard CARB's Low Carbon Fuel Standar…
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REFINERY FILES: The Hidden Profit in CARB Credits California Low Carbon Fuel Standard credits trade over $200 per metric ton. Chevron Richmond conversion generates estimated $100M annually in CARB credits versus 10-20¢ per gallon gasoline margins. Refineries convert because credits are pure profit paid by state programs and higher fuel costs. California taxpayers fund credits while losing gasoline production. From gas price frustration to national security, this affects us all. California gas pr
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REFINERY FILES: The Hidden Profit in CARB Credits California Low C…
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TikTokcalifornia_fuel_watch
Carbon Credits, Explained 🪙
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