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Editorial: Low-carbon fuel problems
07/11/2009
Producers in Alberta’s oil sands region rightly worry about one of the worst ideas in the rich stew of energy-policy poison now at high boil in the US.The idea is the low-carbon fuel standard (LCFS). By itself, a carefully implemented LCFS might hold promise as a way to trim emissions of carbon dioxide. Together with the heavy, indirect taxation of fossil energy that probably will be enacted, however, it represents stifling overkill. And the recent US record makes careful implementation most unlikely.The 1,428-page American Clean Energy and Security Act, which the House passed June 26 before anyone had any grasp of everything it contained, originally included an LCFS. That the passe...
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