2024 Carbon Credits Sale

INTRODUCTION

Through this Request for Offers (the “RFO”), City of Surrey (the “City”) is seeking offers from purchasers (each a “Purchaser”) to provide an offer on the form attached as Attachment 1 (the “Offer”) to complete the 2024 sale of carbon credits (the “Credits”) on behalf of the City.  It is the intent of the City to engage and potentially sell all or a portion of 9,541 validated Low Carbon Fuel Credits (LCFC) generated by the City to the Purchaser(s) that has/have been approved by the BC Government through the Low Carbon Fuel Standard (LFCS).

The LCFS is one of the Province’s most successful emission reductions policies.  This policy requires fuel suppliers that manufacture or import transportation fuels into British Columbia to meet increasingly stringent carbon intensity reduction targets for their products.

To meet compliance requirements, fuel suppliers have the option of purchasing LCFC through the Credits market this policy establishes.  The City creates low carbon fuel Credits by supplying renewable natural gas and electricity as low carbon transportation fuel in multiple applications.

All inquiries related to this RFO should be directed in writing to purchasing@surrey.ca.