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Natural Resources committee  Thank you for the question. Yes, that is supposed to be an applies-to-apples comparison, when you're comparing biodiesel to regular diesel, so sort of taxes—

May 7th, 2021Committee meeting

Giovanni Angelucci

Natural Resources committee  Yes. Factoring in some of the benefits that it already has, we're seeing still that kind of gap between biodiesel and diesel. It fluctuates, and to be very truthful, diesel and biodiesel are always fluctuating—

May 7th, 2021Committee meeting

Giovanni Angelucci

Natural Resources committee  If I understood the question correctly, it's what you see: It's about a 15¢ spread between a zero blend and a B20 blend.

May 7th, 2021Committee meeting

Giovanni Angelucci

Natural Resources committee  Thank you, Mr. Weiler. That's a great question. I want to preface this by saying that the fact that we're advocating for one doesn't mean we're not advocating for others. As I said, I think our transition will be full of a bunch of different, innovative technologies to get us to where we have to be as a nation, and ultimately to get ourselves to net zero.

May 7th, 2021Committee meeting

Giovanni Angelucci

Natural Resources committee  Thank you. That's another great question. Having something that steadily rises and is predictable is one of the best tools the government can use to encourage business investment. People and business leaders like certain things. Sometimes it falls in their favour and sometimes it's a little bit out of favour, but having that predictability allows them to plan and adjust for that.

May 7th, 2021Committee meeting

Giovanni Angelucci

Natural Resources committee  Some biodiesels, depending on the feedstock, do have a higher cloud point, but there are other biofuels that have a lower cloud point. This is part of a transitionary period in alternative fuels. Biofuel doesn't have to be used as a B100, although it can be, but we can use it in varying blends all throughout the year and in different jurisdictions, depending on the temperature.

May 7th, 2021Committee meeting

Giovanni Angelucci

Natural Resources committee  Good afternoon, everyone. Thank you, Mr. Chair and all the members of this committee, for the opportunity to discuss with you today the cost-effective opportunity to reduce pollution through the use of biodiesel. For those not as familiar with it, biodiesel is a type of fuel processed from biological matter and other non-fossil fuel feedstocks and blended with diesel for use in diesel engines.

May 7th, 2021Committee meeting

Giovanni Angelucci