Clean Fuel Regulations — 37
Application for recognition — change of method 37 (1) If, after the recognition of a CO 2 e-emission-reduction project under subsection 35 (1) but before the end of the period referred to in paragraph 31 (2)(b) or, if applicable, the five-year period referred to in subsection 42 (1), the Minister establishes a specific emission-reduction quantification method under subsection 32 (1) that is applicable to the project, the registered creator may apply to the Minister for the recognition of the project as a project that may create compliance credits when carried out in Canada using that method. Contents of application (2) The application must be signed by the authorized agent of the registered creator and contain (a) if the information contained in the original application for recognition under subsection 34 (1), other than the information referred to in paragraph 2(d) of Schedule 4, has changed, the updated information; (b) an indication that the registered creator is applying to use the specific emission-reduction quantification method and the name of that method; (c) the information referred to in paragraph 2(d) of Schedule 4 in respect of that method; and (d) if the registered creator prefers that the carrying out of the project may create provisional compliance credits only as of a particular day, an indication of that preferred day, which must be (i) no later than 18 months after the day on which the application is made, and (ii) before the end of the period referred to in paragraph 31 (2)(b) or, if applicable, the five-year period referred to in subsection 42 (1). Recognition by the Minister (3) The Minister must recognize the CO 2 e-emission-reduction project as a project that may create compliance credits when carried out if the Minister is satisfied, based on the information provided by the registered creator, that the project meets the criteria set out in paragraphs 36 (1)(a) to (c). Unique alphanumeric identifier (4) The Minister must assign a unique alphanumeric identifier to a CO 2 e-emission-reduction project recognized under subsection (3). Period — creation of compliance credits (5) Subject to subsection 42 (4), the period during which the carrying out of the project may create provisional compliance credits begins on the later of the day on which it is recognized under subsection (3) and the preferred day referred to in paragraph (2)(d) and is determined by the formula S − D where S is the period referred to in paragraph 32 (2)(d) and established in the specific emission-reduction quantification method that is applicable to the project, expressed as a number of days; and D is the number of days — during the period referred to in paragraph 31 (2)(b) — on which the carrying out of the project has created provisional compliance credits using the generic emission-reduction quantification method. Number of compliance credits (6) The number of provisional compliance credits that are created for the period determined under subsection (5) or, if applicable, subsection 4 2 (4) by the carrying out of a project that is recognized under subsection (3) is determined — in accordance with the specific emission-reduction quantification method — based on the proportion of the quantity of crude oil or liquid fossil fuel that is not exported from Canada and that has a reduced carbon intensity as a result of the activities carried out for the project. End of project — generic method (7) The carrying out of a project that is recognized under subsection (3) ceases to create compliance credits under section 35 as of the day before the day on which the period determined under subsection (5) begins. End of project — specific method (8) The carrying out of a project that is recognized under subsection (3) ceases to create compliance credits under subsection (6) as of the end of the period determined under subsection (5) or, if applicable, the end of the five-year period referred to in subsection 42 (1).