Canada accuses US of dumping renewable diesel despite being America’s biggest oil supplier
https://www.westernstandard.news/agriculture/canada-accuses-us-of-dumping-renewable-diesel-despite-being-americas-biggest-oil-supplier/64573
In a twist of trade irony, Canada has accused the United States of dumping subsidized renewable diesel into its domestic market — even though Canada is, by far, the largest exporter of conventional crude oil to its southern neighbour.
The drama began in March when Tidewater Renewables Ltd., a British Columbia-based company, filed a complaint with the Canada Border Services Agency (CBSA), claiming that low-cost, US-subsidized renewable diesel was flooding the Canadian market and causing serious financial harm.
The CBSA launched an investigation into the alleged dumping under former president Joe Biden’s so-called ‘Inflation Reduction Act’ with the Canadian International Trade Tribunal (CITT) following up with a preliminary inquiry.
But on Monday, the CITT brought the case to a halt.
After reviewing the evidence, the tribunal concluded there was “no reasonable indication that the imported renewable diesel had caused, or threatened to cause, injury to Canadian producers.” As a result, both the tribunal and CBSA will terminate their investigations and the case will not proceed to a full inquiry. Continue…