British Columbia introduces SAF mandate for jet fuel producers, potentially increasing airfare costs.
British Columbia's government has introduced regulations requiring jet fuel producers to incorporate sustainable aviation fuel (SAF) into their supply, aiming to reduce carbon emissions. However, the higher cost of SAF, which is significantly more expensive than conventional jet fuel, could lead to increased airfare costs, particularly in Western Canada. The new regulations may make air travel less affordable, especially for middle-class passengers, and could negatively impact smaller airlines operating on thin margins.
August 17, 2024
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