Sulphur in Gasoline Regulations

Version of section 14 from 2020-12-16 to 2024-06-19:

14 (1) A primary supplier who is participating in the trading system may, in respect of the pool to which the election applies, create a number of sulphur compliance units, for a year, that is equal to the amount determined in accordance with the following formula:
(A – B) × C
where
A
is 10 mg/kg;
B
is the pool average of that pool for the year, in mg/kg; and
C
is the volume of low-sulphur gasoline that was used to calculate the pool average, in m³.
(2) If a primary supplier makes an election under subsection 13(1) in respect of a pool for which they made an election under subsections 13(1) or (3) as it read immediately before the day on which this subsection comes into force, the primary supplier may, in respect of that pool, create for the year 2020 a number of sulphur compliance units that is less than or equal to the balance of the sulphur compliance units reported for that pool for the year 2019 under paragraph 5(e) of Schedule 2.
(3) [Repealed, SOR/2020-277, s. 6]
(4) If the number determined in accordance with the formula is not a whole number, it shall be rounded down to the nearest whole number.
(5) A sulphur compliance unit is created when the primary supplier makes an entry of its creation in the sulphur compliance unit account book maintained by the primary supplier in accordance with section 18. The entry shall be made no later than February 15 of the year after the year for which the units are being created.

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