In addition to that, Imperial will also transfer credits under the Clean Fuel regulations to help balance costs.
FLO and Imperial Collaboration
“Our collaboration with Imperial is noteworthy—involving two major players in Canada’s energy sector in support of furthering Canada’s goal of net-zero carbon emissions by 2050,” says President and CEO of FLO Louis Tremblay.
“Importantly, the agreement will generate financial benefits that will allow FLO to expand its EV charging station deployments, propelling our goal of transforming Canada’s mobility future. We’re thrilled with this agreement, and eager to bring Canadians more reliable EV charging solutions worldwide.”
Imperial’s Vice president of downstream, Jon Wetmore, stated, “Canada has clearly defined policies that support lower-emissions solutions and deployment of new technologies.”
“Our collaboration with FLO will complement other Imperial GHG emission-reduction efforts, including plans to produce and supply lower-emission fuels, next-generation resource recovery technologies and carbon capture.”
In 2021, about 5.2 percent of all vehicle sales were zero-emissions vehicles in Canada. However, EV’s record deployment and renewable energy worldwide are expected to aid this year’s rise of global CO2 emissions from fossil-fuel combustion.
Zero-emission by 2035
For instance, in Canada, the federal government aims for all new light-duty cars and passenger trucks to be zero-emission by 2035.
“They want and we want to be part of the energy transition,” Tremblay stated. “They are looking for solutions and we are a major player in Canada, so we joined forces to make sure we can offer those charging solutions.”
Key components of the collaboration include an agreement to transfer credits under federal Clean Fuel Regulations and charging service option development for Imperial’s Esso- and Mobil-branded wholesalers.