- Tidewater Renewables (TSX:LCFS), the energy transition stock behind Canada’s first renewable diesel refinery, has more than doubled in value following the Government of British Columbia’s changes to the Low Carbon Fuels Act to strengthen the Canadian biofuels industry
- Tidewater Renewables is an energy transition company focused on producing low-carbon fuels, including renewable diesel
- The renewable energy stock is up by 134.92 per cent on the news but remains down by 76.01 per cent year-over-year following a divestiture in mid 2024
Tidewater Renewables (TSX:LCFS), the energy transition stock behind Canada’s first renewable diesel refinery, has more than doubled in value following the Government of British Columbia’s changes to the Low Carbon Fuels Act to strengthen the Canadian biofuels industry.
Changes to the Act, effective April 1, 2025, include increasing the renewable fuel requirement for diesel from 4 per cent to 8 per cent, as well as requiring this fuel to be produced in Canada.
According to Friday’s news release, Tidewater Renewables believes the news begins to level the playing field, addressing “the ability of U.S. renewable diesel producers to dump their product into British Columbia and unfairly benefit from both a production subsidy received in the U.S. and the generation of emissions credits at the point of sale in British Columbia.” The company filed an anti-subsidy and anti-dumping duty complaint in January 2025.
Leadership insights
“We are grateful for the support from the Government of British Columbia in levelling the playing field for Canadian renewable fuel producers and hope that, with these changes, we’re now able to better compete with U.S. producers dumping their product into the British Columbia market,” Jeremy Baines, chief executive officer of Tidewater Renewables, said in a statement. “That said, the challenges facing the Canadian renewable fuels industry are substantial and it’s going to take an all-hands approach to ensure our industry is able to continue to meet the growing demand for clean fuels. As more renewable fuels produced in Canada become available, we expect the Government of British Columbia to raise the Canadian-produced renewable fuel requirements to an appropriate level to ensure a fair trade environment for renewable diesel and align policy with the broader goals of the Canadian biofuel sector.”
About Tidewater Renewables
Tidewater Renewables is an energy transition company focused on producing low-carbon fuels, including renewable diesel.
Tidewater Renewables stock (TSX:LCFS) is up by 134.92 per cent trading at C$1.48 per share as of 11:50 am ET. The stock remains down by 76.01 per cent year-over-year following a divestiture in mid 2024.
Join the discussion: Find out what everybody’s saying about this renewable energy stock on the Tidewater Renewables Ltd. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image, generated by AI: Adobe Stock)
