Biden’s Green Subsidies Kill Planned Canadian Biofuel Refinery
- Parkland cites Inflation Reduction Act as it scraps facility
- Plant near Vancouver would have produced 6,500 barrels a day
The Parkland refinery in Burnaby, British Columbia.
Photographer: Darryl Dyck/BloombergThis article is for subscribers only.
President Joe Biden’s landmark climate bill has prompted one of Canada’s largest gas-station owners to scrap a planned renewable-diesel plant near Vancouver, illustrating how countries are struggling to counter the US’s green subsidies.
Parkland Corp. cited the US legislation by name in explaining why it’s not proceeding with the low-emissions, 6,500 barrel-a-day facility near its Burnaby refinery.