Flash Reports
Flash Report
Flash Report: 2Q2025 LCFS Data Show 3.17 million MT Net Credit
October 31, 2025
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Flash Report
Flash Report: 1Q2025 LCFS Data Show 2.87 million MT Net Credit
July 31, 2025
Today, CARB posted the first quarter 2025 data for the LCFS program. In today’s flash report, we offer a quick look at this first quarter data; our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which will be available to subscribers on Thursday, August 21st. The first quarter data show a net credit...
Flash Report
July Jolt: OAL approves mid-year adjustment to LCFS, gas prices set to rise
June 30, 2025
On Friday June 27th, the California Air Resources Board (CARB) announced that the Office of Administrative Law (OAL) approved the 2024 Low Carbon Fuel Standard (LCFS) Amendments and that the new reduction schedule will become effective on July 1, 2025. According to CARB, the amended 2025 carbon intensity (CI) benchmarks “apply to fuel transactions occurring on...
Flash Report
CARB Resubmits LCFS Amendments to OAL & Requests Early Effective Date
May 19, 2025
Friday evening, May 16th, the California Air Resources Board (CARB) announced that it had resubmitted modified Proposed Amendments to the Low Carbon Fuel Standard (LCFS) to the California Office of Administrative Law (OAL). In this Flash Report we catch you up on the regulatory process underway and highlight what’s new with this May 16th resubmission. ...
Flash Report
Flash Report: 4Q2024 LCFS Data Show 4.27 million MT Net Credit
April 30, 2025
CARB has posted the latest LCFS data for the fourth quarter of 2024, and our team at Stillwater has prepared a flash report highlighting key takeaways. A deeper dive and full analysis will be featured in the upcoming issue of Stillwater’s Quarterly LCFS Newsletter, available to subscribers on Thursday, May 8th.
Flash Report
Flash Report: LCFS Amendments – The Next Chapter
April 7, 2025
CARB has issued a revised version of the 2024 LCFS amendments for a 15-day public comment period closing on April 21st.
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Weekly Newsletter
Weekly price & trading trends for the California LCFS program and the latest news around low carbon fuel programs in the U.S. and Canada.
Monthly Newsletter
Stillwater’s expert analysis of monthly California program data and LCFS-style regulations under development beyond California.
Quarterly Newsletter
Stillwater’s expert analysis of quarterly California and Oregon program data along with in-depth insights into recent market trends.