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ARTICLE · 24 FEBRUARY 2025

Turning Green Into Gold

Miller Thomson
Miller Thomson
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Miller Thomson

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If your company operates warehouses with electric lifts or maintains a fleet of electric vehicles, you may be able to unlock hidden environmental value and turn it into revenue.

CanadaEnergy and Natural Resources

An opportunity for companies investing in electrification

If your company operates warehouses with electric lifts or maintains a fleet of electric vehicles, you may be able to unlock hidden environmental value and turn it into revenue. Under Canada's Clean Fuel Regulations ("CFR"), which came into effect in July 2023, charging station hosts and charging network operators can register with the Credit and Tracking System ("CATS") to generate "Category 3" compliance credits and then sell those credits to gasoline or diesel producers or importers, creating an additional revenue stream for their business.

Understanding the CFR

Under the CFR, gasoline and diesel producers and importers must reduce the carbon intensity of the fuel they produce or import in Canada each calendar year—called a "compliance period"—by purchasing compliance credits. Each credit represents a reduction of one tonne of CO₂e. This reduction can be achieved:

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