Canada promises money and regulatory reform to stimulate biofuel production

The Government of Canada has pledged to allocate hundreds of millions of dollars and ease regulatory provisions to stimulate the production of biofuels, which, according to the country's agriculture minister, faces stiff competition from the United States. Prime Minister Mark Carney named the support of the biofuel and canola industries as one of six areas highlighted in the aid announcement, intended to help companies cope with the damage from U.S. tariffs and trade disruptions. Canadian canola, an ingredient in some types of biofuel, also faces high tariffs and duties in China, the largest export market for canola seeds. The government has promised to allocate 370 million Canadian dollars (267.79 million U.S. dollars) as incentives for Canadian biofuel producers, and also said it would review Canadian biofuel legislation. Canadian biofuel producers and canola producers have complained for years that the U.S. provides more incentives for biofuel production than Canada, which ...