Sulphur in Gasoline Regulations
14 (1) Subject to subsections (2) and (3), a primary supplier who is participating in the trading system may, in respect of the pool to which the election applies, create a number of sulphur compliance units, for a year, that is equal to the amount determined in accordance with the following formula:
(A – B) × C
where
- A
- is one of the following:
(a) if the sulphur compliance units are created for any of the years 2012 to 2016, 30 mg/kg,
(b) if the sulphur compliance units are created for any of the years 2017 to 2019, 10 mg/kg;
- B
- is the pool average of that pool for the year, in mg/kg; and
- C
- is the volume of low-sulphur gasoline that was used to calculate the pool average, in m3.
(2) For the purpose of determining the number of sulphur compliance units for a pool referred to in paragraph 9(1.1)(c) for any of the years 2012 to 2014,
(a) the description of B in subsection (1) is the volume-weighted average that is calculated using the year-to-date volume-weighted average value of sulphur set out in each report submitted that year in respect of a province of importation in accordance with section 8 of the Benzene in Gasoline Regulations; and
(b) the description of C in subsection (1) is the sum of the volumes of gasoline supplied as set out in those reports.
(3) In the case of a primary supplier who makes an election by submitting a notice of election in accordance with paragraph 13(4)(b), the following modifications apply for the purpose of determining the number of sulphur compliance units for the pool for any of the years 2012 to 2015:
(a) the description of B in subsection (1) is the volume-weighted average that is calculated using the year-to-date volume-weighted average value of sulphur set out in each report submitted that year in respect of a province of importation in accordance with section 8 of the Benzene in Gasoline Regulations; and
(b) the description of C in subsection (1) is the sum of the volumes of gasoline supplied as set out in those reports.
(4) If the number determined in accordance with the formula is not a whole number, it shall be rounded down to the nearest whole number.
(5) A sulphur compliance unit is created when the primary supplier makes an entry of its creation in the sulphur compliance unit account book maintained by the primary supplier in accordance with section 18. The entry shall be made no later than February 15 of the year after the year for which the units are being created.
- SOR/2015-187, s. 12
- Date modified: