Business
Government of British Columbia Announces $62 Million Incentive Program to Promote Adoption of Natural Gas Vehicles in the Province
~Program Expects to Incentivise Purchase of over 1,000 Heavy-Duty Natural Gas Trucks and R...
About this update from Westport Fuel Systems, Inc.
[{"type":"text","content":"\n\n\n\n\n\n~Program Expects to Incentivise Purchase of over 1,000 Heavy-Duty\n Natural Gas Trucks and Related Infrastructure~\n\n\nVANCOUVER, May 15, 2012 /CNW/ - The B.C. Ministry of Energy and Mines\n today announced the Greenhouse Gas Reduction regulation that advances\n the adoption and deployment of natural gas vehicles (NGVs) in BC. \n Westport Innovations believes this important program will benefit\n British Columbia's economy, environment and transportation options for\n industry. The regulation permits a utility to spend up to $62 million\n on vehicle and ferry incentives, up to $12 million on compressed\n natural gas (CNG) fuelling stations and up to $30.5 million on\n liquefied natural gas stations, for a total of $104.5 million.\n\n\n\"This is a positive step that will promote the use of domestic BC\n natural gas as a transportation fuel, and generate both environmental\n and economic benefits for our province and residents,\" said David\n Demers, CEO of Westport Innovations. \"British Columbia is home to\n world-class companies that both generate and use natural gas\n transportation technology, and this program will allow the accelerated\n adoption of natural gas heavy-duty vehicles.\"\n\n\nThis regulation allows utility companies to deliver natural gas\n transportation programs until March 31, 2017, including the opportunity\n to:\n\n\nOffer incentives to transportation fleets that would use natural gas\n such as  buses, trucks or ferries\n\n\nBuild, own and operate compressed natural gas fuelling stations or\n liquefied natural gas fuelling stations\n\n\nUpgrade facilities to provide training to safely maintain natural gas\n vehicles\n\n\nThe Greenhouse Gas Reduction regulation will promote the use of British\n Columbia's abundant natural gas resources as a transportation fuel in\n heavy-duty transport vehicles, such as trucks, transit buses, school\n buses, refuse trucks and marine vessels.\n\n\nThe program's objectives include displacing high carbon fuel, reducing\n greenhouse gas (GHG) emissions, and increasing natural gas fueling\n infrastructure. Natural gas vehicles are a proven technology used\n across the globe.  Natural gas is 25 to 40 per cent cheaper than\n gasoline and diesel and produces up to 25 per cent fewer GHG emissions\n compared to a gasoline or diesel vehicle.\n\n\nIn addition...