Canada Announces C$1.5 Billion Biofuels Incentives Program

Canadian Prime Minister Stephen Harper announced ecoENERGY for Biofuels, which will provide C$1.5 billion (US$1.4 billion, €1.1 billion) in incentives over nine years to producers of renewable alternatives to gasoline and diesel fuel.
Last December, Canada announced a new regulation requiring a 5% average renewable content in gasoline by 2010. At that time, the government also signalled its intention to develop a similar requirement of 2% renewable content for diesel and heating oil by 2012. (Earlier post.)...