Process engineering and optimization and environmental performance articles

IntroductionThe updated B.C. Output-Based Pricing System (OBPS) program and reporting guidance were published in January 2025. This guide provides an overview of the program and its implications for the oil and gas industry.BackgroundThe B.C. Carbon Tax Act, implemented in 2008,  introduced a carbon tax on consumed fossil fuels in B.C. To support emissions reduction and industrial competitiveness for large industry, the voluntary CleanBC Industrial Incentive Program (CIIP)  was developed in 2019. Under the CIIP, a portion of B.C.’s carbon tax paid under the B.C. Carbon Tax Act by industry could be directed into incentive payments if a facility’s emissions intensity was...